In the next two years, the capital cities of Central European countries (Prague, Bratislava, Budapest, and Bucharest) could encounter an office shortage due to delayed construction caused by uncertain economic outlook combined with high costs and slowing
By the close of Q3 2023, the total area of modern offices in Budapest increased to 4.344 million sqm. From the beginning of 2023, 77,500 sqm of office space was completed, and by year-end an additional 43,670 sqm is expected to be delivered.