The Latest News of the Office Market
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How businessmen can enter Hungary now?
Sep 16th, 2020
Good news: you can still get entry to Hungary if you are planning a business travel from the EU, the European Economic Area and many more countries. You only need documents that verify the purpose of your travel. Let us guide you with the latest news and all the necessary steps. UPDATED...
This Year the First Stage of Budapest ONE can be Completed
Jul 12th, 2019
The implementation of the iconic structure of the western gate of Budapest, Budapest ONE is underway. Those arriving by train or car to Budapest see at its entrance this flower-shaped building, designed to give a good first impression of the capital. The railway, the M4 subway, the junction of the M1 and M7 motorways will surround the project. The agglomeration will take 15-20 minutes, while the city center is only 10 minutes away.
However, the design and position of Paulinyi-Reith &...
A New Business Park is Being Built in South Buda
Jun 12th, 2019
White Star Real Estate starts building a new business park in district XXII. Budapest called Park22. The investment will be constructed in three phases, worth 15 billion HUF (approximately 47 million EUR) altogether.
The project will be built in three phases and will start this year. There will be three office buildings and six warehouse halls. As part of the investment, 421 parking spaces, a 24-hour security and entry system, and electric car chargers and bicycle storage are being developed....
The Office Market in Budapest is Heading to New Heights
Apr 24th, 2019
In the Budapest office market, the vacancy rate is only 7.1 percent. There is a demand for nearly 80,000 square meters in the first quarter of 2019, which is 12 percent less than a year ago. The stock may grow in the coming quarters despite the fact that no new office has been handed over in the first three months, according to BRF's first quarterly office market report in 2019.
The Komplex Irodaház and previously privately owned Siemens HQ were included in the speculative stock in the first...
The Third Nordic Light is on its Way to Váci Road
Apr 12th, 2019
The last phase of the new office building called Nordic Light Trio will be built at the Váci Road office corridor.
The Nordic Light office complex, designed by Paulinyi-Reith & Partners, is located on a 2,500 squaremeters gross area as a continuation of the complex. The complete set of shapes is being carried through the Scandinavian building. In September last year, the construction of the third, final phase of the Nordic Light office complex was launched on the site of Véső Street and...
Introduction of the HillSide Office Building
Mar 19th, 2019
In the neighborhood of MOM Park, at the junction of the South and Central Buda, the HillSide Office Building was officially completed. The complex was developed by Sándor Scheer and György Wáberer, alongside their real estate development company, with 8 levels, 22,000 square meters of leasable office space and 500 square meters of lobby space. The city part stepped into a new era in business and residential areas, as the concept is elegant, represents a green perspective and fits into the...
These Budapest Office Buildings Are There at the World's Most Well-Known Real Estate Exhibition
Mar 14th, 2019
Between March 12-15, MIPIM (Le marché international des professionnels de l’immobilier) will be held for the thirtieth time, which is the world's number one real estate development exhibition, where the value of the projects that have been taken is close to EUR 4 billion. The most influential people in the real estate sector will also appear at the event at the Palais des Festivals, which will also host the Cannes Film Festival. The four-day event will be attended by 3.100 exhibitors from 100...
The Introduction of Liberty Office Building
Mar 14th, 2019
The construction of the Liberty Office Building, designed by DPi Design, will provide a great working environment for the employees, in addition it is next to Telekom's modern headquarter. The colorful ceramic facade and built-in glasshouse will make the environment even more enjoyable at the more than 40.000 square meters premium office and commercial environments, and even targeting the BREEAM Very Good qualification. In addition to the design, its placement is also very good, as it is in one...
The Corvin Technology Park is in Structural Phase
Feb 26th, 2019
The Corvin Technology Park office building is now in structural phrase. This facility will not only be classified as one of the most modern complexes in Budapest, but will also showcase the most environmentally friendly solutions. The total leasable area of Corvin offices in one of Budapest's most admired districts is increasing to 100.000 square meters.
The 27.000 square meter, two-stage Corvin Technology Park is located on the eastern side of the Corvin Quarter, next to the Nokia Skypark...
Latest Developments from Váci Street Office Corridor
Feb 14th, 2019
Codic International, based in Brussels, builds its 21,000 square meter office and 275 apartments in Budapest with the Hungarian Houses of Pest and the Venta Group in Austria. District XIII. is both among the best districts in terms of office development and housing development, as there is a lot of investment in this area. At the same time, one of the highest towers in Váci Street is being demolished to allow modern office buildings to be built in the development of Skanska.
New office corridor...
The Office Market in Budapest is Blowing Up
Feb 4th, 2019
The Hungarian office market closed a very strong year last year, with gross rentals exceeding 171 000 square meters in the last quarter, an annual level of over 535 000 square meters.
Tópark Offices (15 355 square meters), Pasaréti Office Building (5 870 square meters), HillSide Offices (21 925 square meters) and Societé Budapest (1 120 square meters) were all delivered this quarter. Thanks to the transfer of these buildings, Budapest's modern office market was expanded by 44 265 square meters...
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