- 22 Jan 2019 7:32 AM
- Hungary Matters
The expansion of space happened as four office buildings, Hillside Offices, Tópark Offices, Pasarét Office Building and Societé Budapest were inaugurated.
Modern office space in the capital includes a little over 3 million sqm areas available for renting and nearly 610,000 sqm of offices owned by companies using them.
Vacancy rate on the Budapest modern office space market was 7.3% in Q4, down by 0.2 percentage points compared to Q4 2017.
Vacancy rate was highest in the agglomerations area, reaching 38%, but it was as low as 4.3% around Váci road and 3.4% on the Pest side outside of the city centre.