Budapest is full, almost impossible to find an office

According to fn.hir24.hu, the GDP has been rising for 2 year, in which case property prices are surging. It’s almost impossible to find large offices in Pest.

It’s difficult for a company director to look for a suitable location for its company, especially he needs a bigger, more than a thousand-square meter-space and he insists on the central location of Pest. And if he has – otherwise completely realistic – needs like proper transport, parking facilities, the mission is almost impossible. In the center of Pest, there are 39 office buildings, but only 3 of them offer a big contiguous office space – DTZ international real estate consultant and CA Immo real estate investor wrote.

In recent years, the proportion of empty properties in Budapest steadily decreased, currently it is 17.7%, or 460 thousand 900 square meters of the 2.7 million sqm rental office portfolio of are empty.