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Articles - global office market trends

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.

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.