lh x cw market report A4_23.03.02 v34 interactive72

2021

OFFICE EMPLOYMENT IN CEE CAPITALS, THOUSAND PERSONS

700

2019 2020 2021 2022 2023F 2024F 2025F

600

Budapest

500

Warsaw

400

Bucharest Prague

300

200

Bratislava

100

0

Source: Moody’s Analytics, Cushman & Wakefield Research

OFFICE-BASED EMPLOYMENT (000’S JOBS)

Market

2010 2014

Ranking 2015 2019

Ranking 2020 2022

Ranking 2023 2025

Ranking

Paris

113.2

1

196.7

1

102.0 2

49.8

1

Madrid

41.8

7

143.4 2

102.9 1

39.8

2

Budapest

62.5

3

57.2

7

41.8

6

24.3

3

Source: Moody’s Analytics

Office employment in Budapest has been the highest in the region since 2015 and this trend is expected to continue in the coming years. In fact, Moody’s predicts that Budapest will be the 3rd largest office-based employment location in the EMEA region, with Budapest leading the way in office-based job creation after Paris and Madrid.

Office

18