Currently, there are 182,650 sqm of vacant office space, but only four buildings contain more than 10,000 sqm of vacant area, MTI said.

Take-up in Q2 was 92,100 sqm, approximately 22% less than in Q1 of 2016, and 13% less than in the same period a year ago, MTI said.

BIEF data covers about 90% of the Budapest office property market, and its members include CB Richard Ellis, Colliers International, Cushman and Wakefield, Eston International, Robertson Hungary and Jones Lang LaSalle, MTI reported.