Acccording to CUSHMAN & WAKEFIELD latest report, the Budapest office market continued to recover in the final quarter of the year. Total take-up equated to a record high of 466,000 sqm, reflecting a 17% gain on 2013. The vacancy rate continued to decrease further, although it is still above the market average,standing at 16.2% at the end of December 2014. Prime rents remain unchanged but expectations are increasingly for marginal growth in select submarkets in 2015. More details in the attachment.
