Office Market

Office Market

Construction starts on Budapestʼs Millennium Gardens office complex

TriGranit has announced the start of construction of its new "Class-A" office development, Millennium Gardens, which is the final element...

Office Market

Celanese moves to Promenade Gardens, Citibank to follow

Celanese Corporation has become the first tenant of the Erste Open-Ended Real Estate Fund’s recently completed Promenade Gardens office building,...

Office Market

BudaPart Gate – Gateway to the Future

As the years go by and new generations enter the world of work, employee well-being is becoming more and more...

Office Market

The Cost of Going Green

While there is no denying that Budapest’s building stock is becoming greener (all new builds have green accreditation nowadays), it...

Office Market

Futureal Group developing ambitious Budapest office project

Futureal Group says it is developing its biggest office project in Budapest, next to Hungary’s largest multimodal transportation hub. The...

Office Market

Skanska’s office development proceeds apace

Skanska’s commercial development unit in Central and Eastern Europe has summarized its 2017 performance in Poland, Romania, Hungary and the...

Office Market

Párizsi Nagyáruház welcomes new tenant

TulipánTündér Produkciós Non-Profit Kft. has found a new exhibition space in the historic Párizsi Nagyáruház building on downtown Andrássy út,...

Office Market

Atenor Group lays cornerstone of major office complex

Belgian real estate developer Atenor Group Hungary laid the cornerstone of a 72,000 square-meter office complex, dubbed Aréna Business Campus,...

Office Market

Advance Tower II construction started

Futureal Group says it has started the construction of the second phase of its Advance Tower office building located in...

Office Market

Budapest commercial property rents on the rise

Over a two-year period until the end of 2017, typical rents for commercial properties in Budapest increased by more than...

Office Market

One-time transformer station turned into offices

An unusual architectural project was inaugurated on Tuesday in Budapest with the conversion of a former electrical transformer station into...

Office Market

Eiffel Square wins BREEAM Excellent certification

The Eiffel Square office building has been qualified Excellent in the BREEAM asset performance appraisal method in the In-Use Asset...

Office Market

Atenor hands over Váci Greens building ‘D’

Belgian real estate developer Atenor has delivered the fourth phase of its Váci Greens office complex, building "D." All four...

Office Market

Futureal Group, K&H Bank sign credit agreement

Property developer the Futureal Group has signed a credit agreement of EUR 34.2 million with K&H Bank in order to...

Office Market

Four offices delivered in Budapest in Q4 2017

Four new office buildings were delivered to the Budapest office market in the fourth quarter of 2017, spanning 67,920 square...

Office Market

Realis Group’s Business Portfolio Expands With New Subsidiary

Realis Group has expanded its operations with the establishment of Realis REM Ltd., a new subsidiary created to manage and...

Office Market

Speculative Office Projects Proving Rare in Budapest

In a rare speculative Budapest office project, the second phase of the 67,000 sqm H2Offices office complex in Váci út...

Office Market

Demand Grows for Quality Space Across CEE

Speculative development in Budapest, as in other CEE office markets, remains low. Developers are exercising caution in their development strategies...

Office Market

Skanska Tops Out Phase II of H2Offices Complex

The second phase of the 67,000 sqm speculative H2Offices office complex in the upper reaches of the Váci út office...

Office Market

IWG Revenue Rises as Network Expansion Accelerates in Q1

International Workplace Group started 2026 with continued revenue growth, supported by rising enterprise customer demand and strong momentum in its...

Office Market

Hungary’s Liwo Group Harnesses Technology as a Leading Pan-European Facilities Manager

Over the last decade, Liwo Group, one of the leading facilities management companies in Central and Eastern Europe, has sharpened...

Budapest Office Supply Tightens, Vacancy Falls, Rents Flat

Budapest's office market is tightening, with the vacancy rate at 12.2% even as rental prices remain at EUR 25 per...

Skanska Completes Façade at H₂Offices Phase 2

Skanska has completed the façade and roof waterproofing at H₂Offices Phase 2 in Budapest, enclosing the building as interior work...

Henkel Hungary, ARM Hungary Expand Offices at Millennium Gardens

Millennium Gardens’ two largest tenants, Henkel Hungary and ARM Hungary, have both expanded their office space and signed new long-term...

Realis Group’s Business Portfolio Expands With New Subsidiary

Realis Group has expanded its operations with the establishment of Realis REM Ltd., a new subsidiary created to manage and...

CEE Office Development Slows to Unprecedented Levels

The office markets of Central and Eastern Europe’s six largest capitals (Prague, Warsaw, Budapest, Bucharest, Bratislava and Sofia) entered 2026...

Speculative Office Projects Proving Rare in Budapest

In a rare speculative Budapest office project, the second phase of the 67,000 sqm H2Offices office complex in Váci út...

Moving the Office From a Place of Work to a ‘Lifestyle Destination’

Office interior elements related to the design, layout, amenities, energy usage and property and facilities management are now regarded as...

Budapest’s Office Market Evolves Toward Quality-driven Growth

Budapest is following a broader int'l shift toward prime-quality office assets, visible across global markets, where occupiers are increasingly consolidating...

BREEAM V7 Launched to Meet New Industry Challenges

The latest, seventh version of the BREEAM third-party accreditation system places a stronger emphasis on advancing decarbonization efforts to mitigate...

Demand Grows for Quality Space Across CEE

Speculative development in Budapest, as in other CEE office markets, remains low. Developers are exercising caution in their development strategies...

Skanska Tops Out Phase II of H2Offices Complex

The second phase of the 67,000 sqm speculative H2Offices office complex in the upper reaches of the Váci út office...

IWG Revenue Rises as Network Expansion Accelerates in Q1

International Workplace Group started 2026 with continued revenue growth, supported by rising enterprise customer demand and strong momentum in its...

Hungary’s Liwo Group Harnesses Technology as a Leading Pan-European Facilities Manager

Over the last decade, Liwo Group, one of the leading facilities management companies in Central and Eastern Europe, has sharpened...

Second Phase of H2Offices Reaches Structural Completion

The second phase of the H2Offices office complex in Budapest's Váci Corridor has reached structural completion, marked by a topping...

Low Development Pipeline Results in Tightening Supply of Quality Space

The Budapest office development pipeline remains relatively limited, reflecting a cautious approach from developers and a lack of speculative construction,...