South-Buda has been the most demanded submarket for years due its booming residential market, improving public transport and excellent accessibility both from city centre and from the agglomeration. In recent years the South-Buda office market has become the fastest growing office market in Budapest, at the end of 2016 only 4 per cent of the offices were vacant, which is less than half of the Budapest vacancy rate (9.5%). The area will remain in the focus of real estate developers in coming years as well with increasing permanent population and growing number of businesses expected in the district.
The environment, the close proximity of universities and good transportation make the South-Buda office market attractive for both tenants and developers. One of the latest development in the area, the Alphagon office building also ‒ harnessing the benefits of the area - provides convenience and technical services for tenants, such as 24-hour reception desk, video surveillance, air conditioning, raised floors, anti-static carpets, data and telecommunications network connection, fast elevators and indoor parking secured by a card-system.
The developer, Bischoff & Compagnons – true to its traditions – is planning a human-scale office building also now: in the building with average 860 sq m floor area even 250 sq m of office space can be formed that offers an ideal solution not only for the large occupiers, but also for the small- and medium-size companies.
The construction is about to start and is planned to be ready by Q2 2019, at the corner of Dombóvári út and Nádor utca only a few minutes’ walk from metro line 4, tramway Nr1 and Nr.4-6.