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Articles - Budapest

ZenGarden Office Building Achieves Full Occupancy

The premium ZenGarden office building in Buda, managed by Convergence, has reached another major milestone: following a series of successful leasing transactions in recent months, the property has achieved full occupancy. A combination of new leases and renewals has resulted in the building being fully let, clearly demonstrating the effectiveness of a carefully executed leasing strategy.

BRF has published Q1 2026 report on the Budapest office market

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary) hereby reports its Q1 2026 office market summary.

CEE 6 Hotel Market Snapshot: Growth, Investment and Budapest in focus

The CEE 6 hotel market delivered strong growth in 2025, with RevPAR up 8.9% year-on-year, supported by rising rates and occupancy, while investment volumes surged by 170%, led by the Czech Republic and Hungary. Prime yields compressed across key markets, and momentum is set to continue into 2026 amid improving financing conditions. Budapest stood out as a top performer, combining solid operational growth with robust investment activity and a strong development pipeline.

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.

International Workplace Group adds 1,132 new locations in 2025

International Workplace Group (IWG), the world's largest platform for work with brands including Spaces and Regus, has announced that it has signed 1,132 new centres to its network in 2025, and opened 782 new workspaces - with more new locations than in the entire first two decades of its operations.

Szentendre Named Budapest Region’s Top Commuter Town for Hybrid Workers in 2026

International Workplace Group (IWG), the world's largest platform for work with brands including Spaces and Regus, has named Szentendre as the Budapest region’s best commuter town for hybrid workers to live in 2026, as part of its inaugural Commuter Town Index — ranking the town ahead of nearby commuter locations such as Budaörs, Érd, Gödöllő and Dunakeszi. The index measures how well towns in the Budapest metropolitan commuter belt support modern hybrid workers, based on factors including transport links, local amenities and access to flexible workspaces.

Acting for sustainable cities: ATENOR continues its tree planting program in Budapest

The urban Belgian real estate developer ATENOR will plant 2021 trees this year as part of its societal responsibility policy, continuing last year's cooperation with Pilis Park Forestry Company.

Robust Leasing Activity H1 2018 in Budapest Office Market

The leasing activity in the Budapest office market remained strong with more than 253,000 sq m office space leased in the first half of 2018. In total, commercial real estate agencies were involved in 173,000 sq m of office leasing transactions, from which CBRE completed the largest amount of transactions, 42,245 sq m equating to 24.4% market share in the Agents market.