The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q1 2020 office market summary.
With the help of Cushman & Wakefield Budapest a major software developer company has rapidly signed a 7,500 sq m pre-lease at Atenor’s Váci Greens Building E
In 2019 70.5 thousand square metres’ new offices appeared in the market, which is significantly smaller than the previous year’s quantity (230.5 thousand square meters).
It has started with a usual December wardrobe clean-up (ie: a hopeless search for a pair gloves) and ended up with collecting 12 and a half bags full of base hygienic goods for women
The 630,000 m2 of certified green office space as of 2015 year-end had increased to over 1,500,000 m2 by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock.
In December 2019, Atenor and its contractor team, Péter Építő Kft. held a topping out ceremony for Aréna Business Campus Building ‘A’ as the structural works were completed and the development is going according to plans.
S IMMO Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period.
KNP LAW Nagy Koppány Lencs & Partners have moved into their new headquarters in Palazzo Hunyadi earlier this month. By leasing 513 sqm, Palazzo Hunyadi is 100% leased, as the Law Firm is the sole tenant of the building.
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