Office

Huge differences in vacancy rates: Office market competition is escalating

Tuesday, 17 August 2010, 8:00
Developer’s construction and yield rates still outpace the driblets of absorption being soaked up, suggesting that the Budapest office market’s vacancy indices will not return to healthy levels for a long time. The stronger ones will be able to survive, no problem. However, it’s the weaker ones that may permanently fade out during this lethal competition.
 

There are opportunities in Budapest

Thursday, 29 July 2010, 8:00 Is the hype for the Polish property market justified? How might the Budapest office market attract for investors? We interview John Verpeleti, the newly appointed managing director for CEE Investment Services at Colliers International.

Changing the line-up - Earthquake on the real estate market

Tuesday, 27 July 2010, 8:00 The revival of the European investment market doesn’t represent the only movement taking place on the continent’s real estate market. Amongst the largest global players, there are a few who would like to completely exit the real estate sector...

The weak points of a development

Wednesday, 7 July 2010, 8:00 What are the possible weak spots of an office building development? What are the most crucial constructional and technical details? Which defects can an investment be assured of in the long run?

The market needs well-appraised property

Monday, 5 July 2010, 9:00 What exactly do you mean by “toxic” appraisals? What danger does this phenomenon present? What might the solution be? We spoke with Pál Baross, head of RICS Hungary, about a phenomenon that he believes has infected, and now endangers, the...

Germany to tighten regulations – New rules await real estate funds

Tuesday, 29 June 2010, 8:00 The German Ministry of Finance plans tightened regulations for open-ended real estate funds, a sector that has been struggling with liquidity problems continuously since the crisis. The recently announced bill has, naturally, triggered the protest of...

Investors still fear

Friday, 25 June 2010, 8:00 We spoke with Ferenc Furulyás, managing director of the international real estate consulting company Jones Lang LaSalle, about the initial revival of western real estate markets, the return of a willingness to loan, the recent activity of foreign and...

Slow recovery ahead for 2011 - REsource market survey

Thursday, 10 June 2010, 8:00 Realtors are no longer waiting for a miracle in 2010, but they clearly see a moderate recovery in store for 2011. The majority of leading market players interviewed by REsource think transactional yields have reached their maximum levels and they forecast...

Is it worth moving the company? - To stay put or move on, that is the question

Thursday, 3 June 2010, 8:00 The financial crisis, which strongly affected the entire sector, turned the realtor market upside down. While larger franchise networks - with greater or less losses, here and there - were able to stay upright, many independent offices were forced to...

We have already hit bottom

Monday, 31 May 2010, 8:00 Interview with Alex Borrelli, newly appointed Board Director for ABLON Group.

A significant shift took place between categories: B-category is now a world champion

Tuesday, 25 May 2010, 10:00 Despite the fact that it was forced to lower rental rates by 30-40%, the B-category office segment, with a total of half a million square meters (sqm) in Budapest, should consider itself a winner. Due to the tight financial position many tenants are in...

Meeting of the FM industry - Everyone is watching the costs

Monday, 17 May 2010, 9:00 Organized for the fifth year, the Portfolio Property Investment Forum was once again a tremendous success, where representatives from the profession debated the market’s current situation as well as the questions concerning the future.

What’s TriGranit’s plan?

Thursday, 13 May 2010, 10:00 What kinds of projects is the region’s biggest investor currently working on? What yield levels does TriGranit consider realistic these days? We spoke with TriGranit CEO Árpád Török about the company’s regional plans and about prospects on...

From first to last - The crisis has re-drawn the region

Tuesday, 4 May 2010, 8:00 In the two years preceding the crisis, a slew of international investors and real estate developers flooded into Russia. The Moscow real estate market produced unbelievable growth in this period, but sobriety hit the Russian real estate sector quite painfully....

When will investors return?

Friday, 18 December 2009, 9:00 Péter Kocsis, Deputy CEO, WING

Top stories of 2009 - Rich only in events

Tuesday, 15 December 2009, 8:00 We definitely cannot call 2009 uneventful: The exchange rate was HUF 300/EUR, our government was in crisis, the economy in recession, and then there’s our Champion’s League team...However, for the sake of this article, we will limit ourselves...

Dickens properties moves from home to office

Friday, 13 February 2009, 15:48 The increasingly fierce competition for premium tenants in Budapest's commercial property market has led to a number of novel new services for owners and investors. Among these is the new facilities management and office design department of Catherine...

The ebb and flow of office markets – ADORJÁN SALAMON, CEO – ESTON INTERNATIONAL ZRt

Wednesday, 12 March 2008, 9:40 In terms of the considerable rental volume from previous years, office developers’ optimism can be said to be widespread, despite a dynamic expansion of supply. According to Eston’s experience, in many cases, this leads to more risk-taking...

Expensive or not? Premium office building's rental fees

Monday, 3 March 2008, 9:10 How expensive are premium office buildings in Budapest? How much more rent do we have to pay if we to have our offices located in an elegant environment? In a regional comparison, office rentals are still cheap in the Hungarian capital.

Iconic office buildings needed

Thursday, 31 January 2008, 9:20 AL Holding used to be generally identified with residential developments, but they have recently announced a significant multi-category project and begun work on an office building on Váci út. We asked the company’s CEO, Péter Illy, about this...

Developments line up at Nyugati Station

Thursday, 31 January 2008, 9:20 Development near Nyugati railway station continues after the government decided not to realize its plan for a new governmental district. Nevertheless, there will certainly be an office building, a park, and a shopping center in the area and, as experts...

First Mester Park building complete

Monday, 25 June 2007, 9:40 The first building in Budapest's latest imposing real estate development has now been completed and the first tenants can move to the premises this August.

B-category isn't the bargain option either

Tuesday, 29 May 2007, 12:27 It is still typically smaller, Hungarian-owned companies which can be relied on as renters of B-category office complexes as bigger and more successful enterprises are no longer satisfied with the standards offered there and, actually, neither are the...

New Metro line may lead to another Váci street in Buda

Monday, 14 May 2007, 12:27 Proximity to the future fourth metro line was figured into  South Buda office rental sector prices once it became clear where the  new line's stations would be. Yet, we still have to wait and see if the new metro line may bring further price increases...

A bit of lucky moving increases activity

Monday, 14 May 2007, 12:23 The Buda office market is distinguished by three main areas. As it so happens, different companies are attracted to southern Buda, the Alkotás Street and vicinity, and the northern sectors. In the case of office parks, those companies already represented...
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