CBRE: Demand for office leasing on the rise in Budapest

Deals

In the first quarter of this year, leasing volume in the Hungarian capital rose by 18%, as compared with the same period last year. The vacancy rate has fallen to a six-year low, a sign that this trend will continue according to a press release from CBRE today.

“Approaching the half year mark, rental figures for the first half of the year are extremely strong, and we are experiencing a noticeable increase in the proportion of pre-leases”, said Gábor Borbély, Head of Research at CBRE Budapest.

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