Rents continue to grow on the retail real estate market in Budapest

The retail real estate market has a positive outlook, the growth of consumption and the increase in the number of tourists in Budapest help the development of the sector, especially at the highlighted locations of Budapest – portfolio.hu wrote.

Growing rents, slowing demand and the lack of alternative investment opportunities are the main features of the retail property market. In some downtown pedestrian streets, a 5-million HUF monthly rent is not unusual in the case of store smaller than 100-square-meters – according to Cushman & Wakefield’s latest report. (portfolio.hu)