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Balance Building reaches 80% occupancy

Office Market

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Real estate firm CPI Hungary has handled 2,500 square meters of leases in the Balance Building on Budapestʼs Váci út office corridor in the past three months, reaching a tenancy rate of 80%, according to a press release issued today.

The investment program of the building worth EUR 1 million is regarded as a success on the Hungarian real estate market, along with the efficient sales strategy of CPI, the press statement said. 

New tenants in the office building include Euler Hermes (part of the Allianz group), AdviseSoft and UTC Carrier, while Opus has also decided to expand rented space in the building.

By the end of the year, CPI Hungary expects the tenancy rate to reach almost 100% in the office building, which would mean the leasing of a total of 10,300 sqm.

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