BRF – 2010 Q3 market report

Members of the Budapest Research Forum (BRF) include CB Richard Ellis, Cushman & Wakefield, DTZ, GVA Robertson, Jones Lang LaSalle and King Sturge. The Forum has collated all information and now reports the office market data for Q3 2010.

The total stock of the Budapest office market, including owner occupied and speculative buildings, reached 3,083,055 sq m at the end of September. The stock includes 2,580,199 sq m A and B grade modern speculative office accommodation, and 502,856 sq m owner occupied space.
 

No owner occupied schemes were completed but with three speculative office buildings the completion level totalled 23,180 sq m, which is 57% lower compared to the previous quarter. DC Offices was completed in the Váci út corridor, Freedom Palace was refurbished in the CBD and MOMentum office building was handed over in the Central Buda submarket.

The rest is on the suppliment!