The Budapest office market is on a growth streak with supply expected to increase by 65,900 sqm in the second half of the year, according to a recent report published by Cushman & Wakefield. An additional 257,000 sqm that is currently under construction is schedule for completion over the next two years. Vacancy fell to 10.3 percent in the second quarter, with the Non-Central Buda South submarket reporting a low of 5.8 percent. Take-up for Q2 amounted to 129,170 sqm. Headline rents have started increasing, according to C&W.
