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Office Market News

TriGranit and DRFG Investment Group complete acquisition of Korzó Shopping Centre in Hungary

5/29/26

TriGranit and DRFG Investment Group are pleased to announce the successful acquisition of Korzó Shopping Centre, a dominant retail destination in eastern Hungary. The asset comprises approximately 18,000 sqm of gross leasable area (GLA) and serves as one of the key commercial hubs in the region.

IWG starts 2026 with revenue growth and accelerated network expansion

5/26/26

International Workplace Group plc (IWG), the world’s largest hybrid workspace platform with a network in over 120 countries through workspace, professional services and digital brands such as Regus, Spaces, HQ, Signature and Instant Offices, today announces its trading statement for the three months ended 31 March 2026.

Colliers Strengthens Leadership with New Equity Partners in Hungary

5/19/26

Colliers is pleased to announce that Kata Mazsaroff, Managing Partner, along with Tamás Beck and Miklós Ecsődi, have been appointed Equity Partners as of 30 April 2026, underscoring the firm’s continued investment in leadership and growth in the Hungarian market.

CEE Real Estate Investment Rebounds Strongly in 2025 as Domestic Capital Powers a New Cycle

5/7/26

Central and Eastern Europe (CEE) marked a decisive turning point in 2025, moving from hesitation to execution as investment volumes surged to EUR 11.6 billion across the region’s six core markets, a 31% year-on-year increase according to latest insights from Colliers. The rebound was driven by disciplined underwriting, stabilising pricing and the return of liquidity — increasingly led by domestic and regional investors.

Interviews

Resilience and value creation at the turning point of the cycle – Convergence strengthens through strategic renewal

Market uncertainty, cautious investor sentiment, and transforming office usage habits – yet Convergence has chosen renewal and deliberate development. The real estate investment and development company, presenting itself with a refreshed brand identity, is not merely reacting to challenges but actively shaping the market: it believes in the strength of resilient locations, value-creating repositioning, and long-term growth. We spoke with Mr. Csaba Zeley, Managing Director of Convergence, about the future of the Budapest office market, the role of flexibility, and the next chapter of an iconic inner-Buda office building – a successfully rethought building that has reached a transactionally relevant stage of its lifecycle.

Budapest’s Office Market at a Strategic Inflection Point

Budapest’s office market is no longer navigating a cyclical downturn, but a structural turning point driven by AI, changing work models and outdated lease structures.

Transactions

Date Business Center Tenant m2 Lessor
2026 Q2 Merkúr Palota Collection Pot 103 Raven & Partners International
2026 Q2 TILIA Irodaház GE HealthCare n/a CBRE
2026 Q2 Terrapark C tömb Kontron Hungary 4000 Avison Young

More Transactions »

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., 2 transactions, transactions total space: 7648 m2

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