For the first quarter, CBRE showed the two cities averaged out at €36,351 and €24,994, respectively.
Hungary’s rate checked in at about €960 per square meter, a figure just lower than Warsaw’s (€1,080) and marking a slight decline from marked stability at around €1,020 shown for the past several quarters.
CBRE Budapest Head of Retail Anita Csörgő commented that, “Due to the fact that consumption and retail turnovers are starting to increase slightly this year and the lack of new supply coming into the market, I truly believe that rents have bottomed out, especially in class B and off-A locations, and that we will be seeing increases starting from 2014.”
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
