Are you sure?

Vacancy on Budapest office space market unchanged at 21% in Q1

The vacancy rate on Budapest's office space market was 21% in Q1, practically unchanged from the previous quarter, the Budapest Research Forum told MTI.

The forum, established by property consultancies CB Richard Ellis, Colliers International, Cushman & Wakefield, DTZ, GVA Robertson, Eston International, Jones Lang LaSalle and King Sturge, said contracts were signed for 77,517 sqm of office space in the capital in Q1.

About 1,700 sqm of new office space was inaugurated during the period.

There are about 2.5 sqm of rental office space and 500,000sqm of owned office space in Budapest.