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Office Market News

Budapest named world’s best ‘workcation’ city for 2024

As the rise of hybrid working fuels longer workcations as employees have more flexibility over how and where they work, Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore in International Workplace Group’s second annual Work from Anywhere Barometer.

IWG expands its strategic presence in Budapest with opening of the first HQ Centre in Hungary

International Workplace Group, the world’s largest provider of hybrid working solutions has announced the opening of a modern flexible workspace in Budapest.

Budapest ONE’s all three phases achieve highest WELL rating

The final two phases of Budapest ONE, located at Őrmező, Hungary’s largest multimodal transport hub, have received the highest Platinum level of WELL Core certification. The 66,000 sqm complex has met the requirements of the WELL Building Standard™, which values and recognises spaces that improve people’s health and well-being worldwide. Futureal was the first company in Hungary to commit to promoting people-centred buildings. As a result, several of its office developments have now achieved WELL certification, totaling 130,000 sqm of lettable space.

International Workplace Group opens new office in Budapest: Regus brand is now at KÖKI Terminál Offices

International Workplace Group, the world’s largest provider of hybrid working solutions with brands including Spaces and Regus, is opening a modern flexible workspace in Budapest. As the adoption of hybrid working rapidly accelerates across Hungary, the number of enquiries for space in International Workplace Group locations has risen sharply and this new opening helps meet rising demand.

Interviews

Reliability and predictibility are fundamentals. Bernecker’s success story in the construction industry

Attila Bakonyi CEO and Zsolt Tomán Business Development Director agree that the values described in the title are the pillars of a nearly quarter of a centrury success story of the company. In the last 5 years, experiencing dynamic growth over 200k sqm area was constructed by the company

Tibor Tatár: instead of quantitative growth, the emphasis will shift to quality on the office market.

The professional’s opinion is that high(er) quality will increasingly emerge as a demand on the part of tenants, yet this doesn’t necessarily entail a greenfield investment.

Transactions

Date Business Center Tenant m2 Lessor
2024 Q3 Margit Palace Electron Holding Zrt. 1960 Property Solution Group
2024 Q3 ZenGarden Irodaház Uniomedia Zrt 404 Property Solution Group
2024 Q3 Aréna Business Campus D.A.S. Jogvédelmi Biztosító Zrt. 562 ESTON International Kft

More Transactions »

Best of 2024

  • Largest Rental:

    Millennium Tower - Newmark VLK Hungary, with 8000m2 rented space

  • Most Active Office Building:

    White House, 2 rentals, with 12115m2 rented space

  • Most Active Lessor:

    Cushman & Wakefield Kft., 3 transactions, transactions total space: 8010 m2

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