Vacancy Rate On Budapest Office Space Market Falls To Almost 14%
- 16 Jul 2015 9:00 AM
The vacancy rate on Budapest’s office space market fell 3.4 percentage points to 14.2% in the second quarter from the same period a year earlier, the Budapest Property Consultants Coordination Forum (BIEF) said. The rate was lowest, at 8.8%, in the south of the Buda side of the capital. The rate was 16.3% along Váci út, one of the capital’s main traffic arteries.
Take-up in the second quarter was 213,500sqm, more than three times higher than the previous quarter.
There are 3,250,000sqm of A- and B-category office property on the market in Budapest.
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