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REAL ESTATE review
BOOM IN BUDAPEST OFFICE DEVELOPMENT Hungarian and international developers on the local office market are going ahead with speculative, long-term phased and built-to-suit (BTS) projects; vacancy is low with a limited supply of 5-10,000 contiguous sqm class “A” space to meet demand. Gary J. Morrell In reaction to ever more sophisticated tenant demands and specification requirements, developers are delivering more imaginative
developments from the specification and interior and exterior design perspectives. “If you look at the way the Budapest office market has progressed in
recent years there has been a lot of development and growth, but there has also been a lot of take-up and we see a good balance between requirements for modern space and a diversity of types of new space and
