The Budapest Research Forum hereby reports its Q4 2022 office market summary

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q4 2022 office market summary.

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The completely renewed CityLab awaits its tenants at low running costs - The first tenant has already moved into the downtown office building

CityLab was reborn in the heart of Budapest – as a reinvention of a 90s office building. Completely renovated, equipped with solar panels and smart devices, it is a competitive "A" class office building, offering office space on 5 floors with high technical and interior design standards.

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You can survive a recession, but …

Office tenants are hesitating to sign long term contracts, which is understandable given the turbulence of the last few years. Flex-office operators are not looking forward happily to the recession either, but it is undeniable that the market environment is more in their favour. Mr. Hubert Abt, founder and CEO of New Work and the Workcloud24 platform, shares with us all there is to know about the difficult times ahead.

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The Office Needs to Be Better Than Home

We spoke to Mr. John McKie, Managing Director of CA Immo in Hungary, about current market trends, future uncertainty and tenants' concerns.

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Date Business Center Tenant m2 Agency
2023 Q1 F99 irodaház MagnaPharm Hungary 308 Property Solution Group
2023 Q1 H2 Offices Orbico Hungary 1253 Skanska Property Hungary Ltd.
2023 Q1 Mozsár Trade Center KERTÉSZ ÉS TÁRSAI ÜGYVÉDI IRODA 645 Mozsár Trade Center Bt.
2023 Q1 Balance Hall ABB 2729 JLL

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Best of 2023

  • Largest Rental:

    Balance Hall - JLL, with 2729m2 rented space

  • Most Active Office Building:

    Balance Hall, 1 db rentals, with 2729m2 rented space

  • Most Active Agency:

    JLL, 1 transactions, transactions total space: 2729 m2

Best of 2022

  • Largest Rental:

    Atenor - BakerStreet - Atenor Hungary, with 16200m2 rented space

  • Most Active Office Building:

    Atenor - BakerStreet, 1 db rentals, with 16200m2 rented space

  • Most Active Agency:

    Atenor Hungary, 1 transactions, transactions total space: 16200 m2

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