In the third quarter of 2015, two office development projects were completed in Budapest: building “A” of the Erzsébet office complex and the second block of the owner-occupied Bosch Centre. These have added as a whole 27 800sqm to the existing volume of modern office space in Budapest, which now totals 662 300sqm of owner-occupied and 2 615 600sqm of rented office space. The vacancy rate continued to decrease and reached by 13.5 percent by the end of the third quarter. This has been the lowest figure in seven years, following a drop of 3.4 percentage points year-on-year and 0.7 percentage points quarter-on-quarter.

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(Ministry for National Economy)