What’s in store for commercial real estate in 2022?
Explore our house view and forecasts for the year ahead
Economy
Investment
Office
Retail
Logistics
Economy
Hungarian GDP can
grow by 4.5% in 2022
4.5% in 2022
of property value is under offer now and expected to close in H1.
The office sector remains
the backbone of investment activity in Hungary.
Investment
was the average asking rent for ‘A’ category offices in January 2022.
EUR 15.9
Large head quarter projects fuel 2022 completions but new pipeline melts with commencements being delayed.
Office
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EUR 600 million
Strong GDP growth provides a solid backdrop for real
estate markets.
new hotel rooms will be added to the Hungarian hotel supply in 2022
2,700
Daily rates in operating hotels held up relatively well while occupancy remained low in Budapest hotels.
Hotels
of total office inventory in Budapest is green
46%
Sustainability issues
get wider and deeper coverage and increases pressure from investors, and occupiers.
ESG
record development activity, but demand will still eclipse supply
448.9 MSF
Activity is set to remain robust in 2022 – with more developers looking for opportunities beyond the capital.
Logistics
of the take-up in Budapest was pre-lease last year
47%
of the Budapest shopping centre stock is currently under active reconstruction.
15%
Shopping centre performance in Budapest recovered for the Christmas period, suggesting a stronger start into 2022.
Retail
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Annual completion volume peaks around
12,000 in Budapest
Material price increase and fueled private demand make prices surge in Budapest and even more beyond the capital.
Residential
ESG
Hotel
Residential
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