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The total modern office stock in Budapest added up to 4,369,900 sqm, consisting of 3,571,710 sqm of ‘A’ and ‘B’ category speculative office space as well as 798,190 sqm of owner-occupied office space, according to a report by the BUdapest Research Forum (BRF).
One of the significant challenges for office developers in Budapest is to source suitably-sized development plots with direct public and private transport links that provide visibility. All this at a time when competition for such space in a relatively compact city is becoming more intense and consequently more expensive.