lh x cw market report A4_23.03.02 v34 interactive72

THE CBD

THE MOST UNDERSUPPLIED CBD IN THE REGION

The CBD is Budapest’s historic core. As a UNESCO World Heritage site, the CBD is historically protected, which severely limits the potential to develop. Genuine class A offices are very limited and only a handful of assets are of sufficient scale or have suitable floorplates to cater for large scale or headquarter buildings.

CBD SHARE OF TOTAL BUDAPEST DEMAND

Cushman & Wakefield Research

100%

90%

PUBLIC OCCUPIERS VS OTHERS (SQ M)

80%

70%

Cushman & Wakefield Research

16 000

60%

50%

40%

14 000

30%

20%

12 000

10%

Ministry of Agriculture inistry of Agriculture

0%

10 000

KEF

2011

2017

2012

2021

2013

2015

2018

2019

2016

2014

2010

2022

2020

Typical occupiers of the CBD are professional service providers and state bodies, rather than the largescale BPO’s that are found in other locations. The limited supply and intense demand have enabled rents to grow at a much faster rate than other Central European Capitals. With CBD supply being the lowest of any major capital city, this is trend is likely to continue.

8 000

6 000

PWC

4 000

MKIK

2 000

HIPA

Mito

REGUS

Sberbank

KDB Bank

Klebelsberg Központ LogMeIn

IBM Labs

Medicover

Diligent Corporation CHBC /Cloudera

0

Magyarország Zrt.

Office

28

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