There was a significant decrease in the growth of supply in the first half of 2017 compared to last year’s data, with only one new building being handed over (Graphisoft Park, 5,500 sqm).
Doktor24, a company known for its professional private healthcare services, has opened a new, nearly 800 m2 luxury medical centre at the CityZen office building in Váci út.
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion– according to JLL Hungary’s latest statistics.
The building’s owner WING, and the web shop Alza.hu, have signed a leasing agreement for the long-term rental of almost 5000 m2 in Skylight CITY following its redevelopment from a shopping centre into a high-quality, cost-effective office building.
Colonnade Insurance, with CBRE's support, will move from its own property to the modern Balance Loft office building on Váci út, which is easy-to-reach for employees and customers, and where the conditions are also given for further expansion.
Mr. László Vas spent four successful years at Diófa Fund Management, as a real estate investment manager. He now runs his own company, LDR-RE Consulting Ltd. We talked about whether the market is overheated, what is to be expected in rents and what he is going to do in a year.
Mr. David M Johnston MRICS starts his new role as Senior Director, Head of Advisory and Transaction Services at CBRE Hungary. The Scottish expert is optimistic: it is inevitable that there will be over-supply in the market sooner or later, but the situation of 2009/10 will not happen again – he says. We talked about competitors, good negotiation strategy, and quality office buildings’ role keeping good staff.
The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports its Q2 2017 office market summary.
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