One of the significant challenges for office developers in Budapest is sourcing suitable-sized, well-located development plots with direct public and private transport links that provide visibility. Competition for such space in a relatively compact city is becoming more intense and consequently more expensive.
“Some current territories of the city tend to form a certain architectural look and this is good. I do not think it is necessary to have a united design. We have to protect our historic buildings, but some of them may be turned into modern offices while their facade still shows the original look. Fortunately, the number of these buildings is increasing,” commented Valter Kalaus, managing partner at Newmark VLK Hungary.
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