FM newsroom – office. The Budapest office market shows growth as the Kálvin Square Office Building has reached near-full occupancy, and Skanska has launched a new state-of-the-art office development to meet rising demand.
Kálvin Square nears 100% occupancy
The iconic Kálvin Square Office Building in Budapest has reached almost full occupancy, reflecting interest in high-quality, centrally located office spaces. Following the recent signing of a new lease agreement, the building is now at nearly 100% occupancy.
“We continue to strive to make this building not just an office space but an inspiring community environment that facilitates collaboration, a place where people enjoy coming to work while providing a sustainable and modern workspace. The continuously expanding tenant base and building developments demonstrate that our approach, built on sustainability and innovation, aligns with future office market trends,” – Kinga Halász, ConvergenCE’s Leasing Management Representative, shared with Property Forum.
The building has recently undergone an upgrade process that included the implementation of NFC-based access control systems and the usage of a BMS system. In addition, an automatic car wash will be completed by 2025, followed by the installation of an intelligent thermostat system and a license plate recognition and parking reservation system.
Kálvin Square aims to obtain Wiredscore and WELL Health & Safety certifications, with building foiling expected by mid-2026.
Skanska launches new development
Skanska has started the development of the second office building of the H2Offices complex in Budapest. The new building has a leasable area of around 22,000 sqm and is scheduled for completion in Q1 2027.
“With Budapest’s strong office market fundamentals, we are confident this state-of-the-art development will meet the highest expectations of future tenants and set a new benchmark for the region,” – Katarzyna Zawodna-Bijoch, President and CEO of Skanska Commercial Development Europe told Property Forum.
The development will prioritize energy efficiency and eco-friendly features to achieve top certifications. The complex is planned to be certified LEED Platinum, WELL Platinum and Acess4you Gold. On top of these, Skanska is aiming for WiredScore and Smart Score Certifications.
Skanska’s investment in this project underscores the confidence in Budapest’s office market and its potential for long-term growth. This new development is expected to attract tenants looking for innovative and sustainable workplaces in a vibrant urban setting.
Image: kalvinsquare.hu
