IWG names Budapest world’s best “workcation” city in 2024

22
Aug
2024
News - IWG names Budapest world’s best “workcation” city in 2024 #Budapest #coworking #Hungary #IWG #Mark Dixon

by Property Forum | Report

Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore, according to IWG’s second Work from Anywhere Barometer.


The Hungarian capital city is the best location where travellers combine work and leisure.

Budapest stood out thanks to its transport and accommodation prices, broadband speeds, and availability of flexible workspaces. The city attracts around 12 million tourists annually and boasts over 200 museums and galleries, vibrant neighbourhoods, and ample green spaces.

Budapest is ahead of Barcelona, Rio de Janeiro, Beijing, Lisbon, New York, Singapore, Jakarta and LA.

“For an increasing number of workers, the days of long daily commutes are over, now that hybrid working offers the opportunity to work wherever we will be the most productive. And thanks to cloud technology, that can be anywhere in the world, provided there is a high-quality internet connection available,” says Mark Dixon, IWG’s Founder and CEO.

“This trend is set to accelerate further, and we will continue to see more and more companies embracing WFA policies to improve employees’ work-life balance and increase their attractiveness as an employer,” he adds.

Each location in the barometer was awarded a mark out of 10 on climate, culture, accommodation, transport, food & drink, happiness, broadband speed, sustainability and the availability of flexible workspaces.

New contenders in the “workcation” category were Austin (Texas), Marrakesh (Morocco), and Valleta (Malta).

IWG’s network comprises over 4,000 flexible office locations in more than 120 countries.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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