The second half of 2009 was a difficult period on the Hungarian office market, with developers, owners and real estate agencies all feeling the pinch of the crisis. Lease rates dropped by 10-30% in 2009, while the amount of office stock, along with the vacancy rate, increased. Takeup on the market decreased, in fact swinging to the negative side in the last quarter of the year, Colliers has reported on Wednesday. “In light of this we can continue to expect meager market activity, although we expect slight growth in the second half of 2010," said Miklós Saly, Director of the Office Leasing Team at Colliers International Hungary about the state of the office leasing market, based on the agency’s latest market report.