News Article Budapest certification Colliers green Hungary office report
by Property Forum | Office

Budapest’s certified green office stock of 630,000 at 2015 year-end had increased to over 1,500,000 sqm by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock in the Hungarian market. There have also been doubles in the number of certified office buildings or office fit-outs, which increased from 46 to 105, according to the latest green building infographic analysis of Colliers International.

Within the two popular green building certification systems, 15 new build and 11 existing buildings were awarded LEED certification, while BREEAM was awarded to 11 new buildings and 45 existing ones, making this the most common form of certification for existing buildings.  

Several office buildings with a total area of over 500,000 sqm are currently under construction, and almost all of them is seeking one of the green building certifications, as sustainability is increasingly important to tenants when choosing their office space.

WELL, the latest certification system focusing entirely on the people using a building is rapidly expanding in Hungary with 13 registered projects, 4 of which have already been pre-certified.

"While it was less typical in the past, the number of green industrial properties has increased significantly, with 10 new and 11 existing buildings already certified, representing over 300,000 sqm of industrial and logistics space," added Norbert Szircsák, Head of Green Building Advisory Services at Colliers International.