In the third quarter of 2014, the total Budapest office stock (including owner-occupied and speculative buildings) reached 3,219,380 square meters. The vacancy rate came in at 16.9% in Q3, down 0.7% quarter on quarter and 1.7% year on year, the Budapest Research Forum (BRF) has reported in its Q3 2014 office market analysis.
In the third-quarter, the speculative office stock increased again because of the handover of the Ilka Corner (2,700 sqm) and of the northern wing of Vision Towers (11,125 sqm).
BRF (that comprises CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) registered a purchase of a smaller building by a tenant, which was subsequently categorised in the owner-occupied stock, so the total modern office stock comprises 2,581,750 sqm speculative office building and 637,630 sqm owner-occupied building.
The Budapest office vacancy rate stands at 16.9% showing a 0.7 percentage point decrease compared to Q2 2014 and 1.7 percentage point decrease year-on-year.
(source: portfolio.hu)
Top 5 Articles
Duna House Profit Climbs Nearly 70% in Q3 November 24, 2025 
What Awaits the Hungarian Economy in 2026 and 2027? April 24, 2026 
'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026 
Hungary’s Growth Stalls as Inflation Returns to Target Range February 6, 2026 
Business, Consumer Confidence at Two-Year High in April April 23, 2026
