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End of Budapest office underperformance in sight

The Budapest office market has underperformed in recent years, with rents lagging the rest of the region. While some weakness is likely for the rest of this year, the outlook is improving. With a more limited supply pipeline and improving demand, Budapest office rents have recovered in H1, with growth set to marginally outpace the Central and Eastern Europe (CEE) average over 2024-27.

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