European Commercial Property

Budapest offices to see one last hurrah in 2019

European Commercial Property Update
Written by Capital Economics Economist

Delays on development projects mean that demand will comfortably exceed completions next year, driving rental values higher again. Thereafter, annual completions could reach in excess of 300,000 sqm, or 8% of stock, in both 2020 and 2021, driving vacancy higher and causing prime rents to drop back.