Limited new Office Development in Budapest
The Budapest office pipeline is limited; builders are exercising caution, and new projects are not being initiated in an uncertain environment. Concerns include geopolitical issues, longer-term letting and demand, office working practices and the time spent in the office, rising development and construction costs, increasing maintenance and energy costs and more expensive debt finance. Despite this, ongoing projects are continuing.
Attila Madler Regina Kurucz Cushman Wakefield Csaba Zeley Budapest Research Forum Weston International
Source: bbj.hu