Q1 2020 Hungary Budapest Market Report

The total modern office stock currently adds up to 3.740.990 m2, consisting of 3.131.100 m2 category ‘A’ and ‘B’ speculative office space as well as 609.890 m2 owner occupied space. The office vacancy rate has slightly increased to 6,2 % representing a 0,6 pps increase quarter-on-quarter – compared to the previous quarter.