The number of properties waiting to be rented increased in Budapest in the second half of the year, as many companies were forced to close permanently due to the spring pandemic period – informed Szandra Bogdán, Világumazdaság, BUM Nonprofit Kft. non – profit database project manager admin. The second wave will cause further business closures, which will certainly have an impact even on the processes of the first quarter of next year.
In contrast to the increase in the number of retail premises available for rent, ie the expansion of supply, a large decline has been observed on the demand side, with few new businesses being launched in the capital this year. Thousands of unpublished business premises are waiting for tenants in the city center alone, most of them last year or at the beginning of the year as restaurants or entertainment venues. On average, 15-20 percent more vacant retail space in the city center, 20-25 percent more in the outer districts.
