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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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Flexible office solutions market share to grow from 4% to 30% in the foreseeable future

Mr. Hubert Abt, Founder-CEO of New Work Offices & Workcloud24 does not like to talk in circles, he prefers facts, and some of his statements are almost shocking. He says that without the changes required by ESG, the average real estate portfolio will lose 30% of its value in a few years. We talked about an impending recession, 50% vacancy rates, and the challenges facing landlords.

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Office first

According to Ms. Erika Loska, MRICS, Co-Managing Director of Knight Frank Hungary, hybrid working is a huge opportunity to retain a quality workforce, but it also has a number of drawbacks, and it is just one of the biggest changes in the office market that both tenants and landlords need to respond to. We talked about ESG, the world beyond profit and tenants' cautiousness, among other things.

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Yulia Lytvynenko: Keyword flex

According to the IWG’s country manager, tenants should do the math: the cost of serviced and coworking offices is not out of line at all. Perhaps the biggest advantage, though, is that it gives almost unlimited freedom for the tenants to focus on what really matters: their business.

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Ms. Kata Mazsaroff: We pay special attention to our responsibility towards people

According to Skanska's director of leasing and asset management for Hungary and Romania, there is always something clouding the blue sky, but thanks to strong market fundamentals, the office segment is growing. Among other things, we talked about ESG, H2Offices and employees’ mental health.

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CE LAND: at a higher level

The predecessor of CE LAND Hungary Kft. was founded in 2004 and launched in its present professional form in 2011, and from the very beginning they defined themselves as a sovereign, elite, Hungarian management-owned, well-positioned real estate consultancy firm, whose main value is independence.

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We strive for efficiency and sustainability in everything we do

Interview with John McKie, managing director at CA Immo Hungary

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