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Still Strong Demand for Premium Offices in Budapest

D&T
November 27, 2023

Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu.

The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest currently stands at 4,344,580 sqm, including 3,546,390 sqm of modern speculative office space in categories A and B, and 798,190 sqm of freehold office buildings.

Premium office space is also in demand in the Budapest office market, such as the new Bem Center, which has an energy rating of AA+ thanks to, among other things, heat pumps and solar panels on the roof.

The total cost per workstation for tenants, including their own energy use, provides a competitive alternative for companies looking for new office space, and the importance of meeting the ESG criteria has been enhanced by recent economic and geopolitical changes.

D&T

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