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Office Market News

The Talent Equation: Flexible Working Could Unlock Billions in Productivity Gains

More flexible ways of working could unlock billions of dollars in productivity gains by helping businesses attract and retain talent and protect critical knowledge, according to new economic modelling from Arup and International Workplace Group (IWG), the world's largest platform for work with brands including Spaces and Regus.

Millennium Gardens' two largest tenants expand and extend their leases, reinforcing their long-term commitment

Millennium Gardens has further strengthened its position as one of Budapest's leading premium office buildings as its two largest tenants, Henkel Hungary and ARM Hungary, have both expanded their office space and committed to new long-term lease agreements.

IWG plc delivers record network growth with 728 new lociations signed in H1 2026

International Workplace Group (IWG), the world’s leading platform for work with brands including Regus and Spaces, signed a record 728 new locations globally in the first half of 2026, taking its global network to more than 6,000 signed locations across more than 120 countries. The business also delivered record revenues and EBITDA during the period.

Signs of Improvement Are Visible, but a Full Recovery Will Be Gradual

Colliers experts have reviewed the key real estate market trends of the first half of 2026. During the press conference, the company’s leading specialists – Kristóf Tóth (Associate Director, Head of Research), Balázs Zelles-Görgey (Director, Head of Capital Markets), Miklós Ecsődi (Partner, Head of Occupier Services), Anita Csörgő (Director, Head of Retail) and Tamás Beck (Partner, Head of Industrial & Logistics) – provided an in-depth analysis of the performance of individual real estate sectors alongside the current economic environment.

Interviews

Hubert Abt: AI Will Become the Operating System of Real Estate – If It Delivers Real Performance

Artificial intelligence is no longer a future concept for the real estate industry. It is already changing the way buildings are operated, assessed and financed. According to Hubert Abt, FRICS, Founder and CEO of workcloud24, the real question is not whether a building “uses AI”, but whether the technology can demonstrably reduce costs, improve comfort and mitigate risk. In this interview, we discuss how AI can turn building data into operational intelligence, which real estate professions will be transformed, what tenants stand to gain, why ESG has become less visible but no less relevant, and why trust and measurable performance will ultimately determine the value of AI in real estate.

Mr. Gábor Regős: It Is No Longer Home Office but ESG and AI That Are Shaping the Budapest Office Market

The Budapest office market is on the threshold of a new era: while vacancy rates are declining and demand for modern, sustainable office space may increase, the spread of artificial intelligence could reshape labour demand in the service sector even in the medium term. According to Mr. Gábor Regős, Chief Economist at Gránit Asset Management, the new direction of economic policy may strengthen service centres and high value-added activities, which could primarily benefit premium office buildings. In this interview, we discussed the current situation of the Budapest office market, the role of ESG requirements, the impact of the interest rate environment, and the opportunities and risks associated with AI.

Transactions

Date Business Center Tenant m2 Lessor
2026 Q2 Merkúr Palota Silent Signal 232 Cushman & Wakefield Kft.
2026 Q2 A93 irodaház MABISZ 1800 Property Support
2026 Q2 Merkúr Palota Hageni Távegyetem Budapesti Központ | Fernstudienzentrum Budapest der FernUniversität in Hagen 242 Raven & Partners International

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Best of 2026

  • Largest Rental:

    Centerpoint - ESTON International Kft., with 6100m2 rented space

  • Most Active Office Building:

    Centerpoint, 1 rentals, with 6100m2 rented space

  • Most Active Lessor:

    ESTON International Kft., 3 transactions, transactions total space: 8257 m2

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