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Real Estate: Office Market Talk 2024
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Challenging Market Environment Means Limited Office Pipeline
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Investment Market Entering Transitional Phase
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The Faedra22 logistics center has been sold to a German investor. It is the second such development by the Hungarian Faedra Group and located in the southern hub of the Budapest logistics market at the intersection of the M0 and M6 motorways.
The Budapest office pipeline is low; developers are exercising caution, and new projects are being put on hold given the uncertain economic, geopolitical, and cost environment. However, ongoing schemes are progressing, despite these issues and concerns over letting, office working practices and even how much time is spent in the office.