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.




Latest news


New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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