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16% of office tenants in Hungary need more space

Only about 16% of office tenants in Hungary say they need more space, an annual survey by developer Skanska Property Hungary and market research company GfK shows.

The number is up slightly from 15% in the previous year.

The percentage of tenants who said they would not need to reduce the size of the office space they rent rose to 71% from 67%.

The survey showed 34% of tenants expect the office space market to grow, up from 29% a year earlier.

Skanska Property Hungary has the financial resources to build one green office building a year, said managing director Andreas Lindelöf. At present, the company is obtaining permits for the construction of a building in the capital's District XIII.