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Vacancy rate on Budapest office market increases to 12.8% in 2006

Vacancy on Budapest's top-category office space market increase 1.2 percentage points to 12.8% in 2006, a survey by the Budapest Real Estate Consultants' Forum shows.

The amount of top-category office space in Budapest increased 12% to 1.729 million square meter in 2006, the forum said. During the same period, the area for which new leases were signed rose 5% to 250,000 square meter. The Budapest Real Estate Consultants' Forum includes among its members CB Richard Ellis, Colliers International, Cushman and Wakefield, DTZ Holdings Plc. and Jones Lang LaSalle. (Mti-Eco)