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...
A new chapter of commercial real estate development and workplace design in Hungary
Apr 7th, 2016
HB Reavis has launched in a 136,000 sqm project in office park with serviced offices. The new mixed-use complex is to be carried out on a 3-ha site at the junction of Váci Road and Róbert Károly Boulevard. They expect to complete the first building of this significant complex in 2018.
“This iconic project is designed to herald a new era in the Hungarian office market”
-- said Zoltán Radnóty, CEO of HB Reavis Hungary and he also highlighted that...
The office estate market has been revitalised
Mar 30th, 2016
The office estate market in Budapest has maintained its level of progress for 2015, which started in 2014, and has set a new record of rental rate, surpassing the earlier milestone – as reported by Cushman & Wakefield.
2015 saw the ratification of contracts regarding the lease of office spaces nearly as vast as 538 000 m2 in total – which indicates a 16% growth compared to 2014 figures. The increased demands and the lack of newly opened office blocks have decreased the vacancy rate,...
CSOK Housing Support as an opportunity for sustainable development in Hungary
Mar 30th, 2016
The Hungarian government’s plan to support the development of new housing should include measures to encourage the construction of energy-efficient homes. The following piece based on parts of an article written by Michael LaBelle and Sergi Moles Grueso at Central European University (CEU).
A price drop of 25%
The unprecedented drive to reduce utility bills for household consumers in Hungary resulted in a price drop of 25%. The aftermath of the “war on private utilities” leaves the Hungarian...
Budapest Office Market represents Green Star
Mar 30th, 2016
This post contains parts of an article written by Michael LaBelle and Sergi Moles Grueso at Central European University (CEU).
Long-term solutions for high energy bills
The Hungarian office market exemplifies the long-term solution for high energy bills. According to Colliers International, 26-27% of Budapest office stock is green accredited. Previous savings in energy costs amounting to 10-20% are projected to have increased to 30% in 2015. Office buildings with green accreditation, such as...
The largest development on Váci Street was further expanded
Mar 24th, 2016
The third building of the Váci Greens complex was handed over recently, offering 24 500 m2 of office space on six floors. 60% of the space offered by the building is already rented via pre-contract by GE Infrastructure Hungary Holding Kft. therefore the building will provide offices for nearly 4000 employees from March.
Buildings that were given the BREEAM Excellent because of their cheap operability and low energy consumption - the Váci Greens C and B buildings won't have to use external...
Future FM received the eco label for environmentally friendly cleaning
Mar 24th, 2016
Future FM Zrt. received a national eco label for environmentally friendly cleaning. Services of the award-winning candidate were realized in the offices of Tata Consultancy Services Ltd.
Future FM applied for the “Environmentally Friendly Service” certification and also for obtaining the right to the usage of trademarks. Experts concluded that the services realized at Tata Consultancy Services Ltd. offices meet the criteria of the certification and the trademark can be awarded. The eco label...
Time Management - Determining How Much Your Time Is Really Worth -part 3
Mar 23rd, 2016
Part 3: Expected value methods
Not all uses of time are equal and this simple truth can make a big difference in life. This article of 3 parts explains how to figure out what your time is worth and use that information to spend your time more effectively. This is the final part of the series.
Expected Value Methods can help you
Make big, strategic decisions about where to spend your time.
What projects should your business focus on this year?
Which uses of time aren’t effective and should...
Time Management - Determining How Much Your Time Is Really Worth - part 1
Mar 23rd, 2016
Part One: The value of time
Not all uses of time are equal and this simple truth can make a big difference in life. This article of 3 parts explains how to figure out what your time is worth and use that information to spend your time more effectively.
People who spend their time effeciently
doing more profitable work - make more money
investing in others - build better relationships
creating a flexible career - enjoy more freedom
working on high-impact projects - contribute more to...
Time Management -- Determining How Much Your Time Is Really Worth -part 2
Mar 23rd, 2016
Part 2: Realized Income Methods
Realized Income Methods can be used to calculate the value of your time, which will help you make better decisions about how to spend money on day-to-day purchases.
You need two numbers:
The amount of time you spend to earn money.
The amount of money you earn during that time.
Step 1: How to track your time
The first step is to measure the total amount of time you invest to earn money, not just the hours you are physically at work. You should add in...
Offices of the future: upcoming projects in Budapest
Mar 22nd, 2016
According to the data provided by the Budapest Property Consultants Coordination Forum, the total amount of office spaces to rent has increased by 50 885 square metres last year – which is 25.4% less than the figures of 2014, but luckily more and more projects are being announced and are in the construction phase. That means an abundance of new buildings inaugurated this year and in the upcoming few years.
According to BIEF’s quarterly report, the total amount of office spaces available and in...
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