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Budapest Home to Thousands of Empty Shop Premises

MTI-Hungary Today 2019.07.30.

Budapest is home to 2,000-3,000 vacant retail premises, business daily Világgazdaság said Tuesday.

Rents on empty retail space range from 20,000 forints to millions of forints each month, depending on the size, condition and location of the street, the paper said. Start-up businesses generally baulk at paying more than 100,000 forints in rent.

Flats in Panel Blocks Are Most Popular Rentals This Year

The Budapest Chamber of Commerce and Industry and the Budapest municipality have begun operating a non-profit database which currently contains information on 150 leaseholds. The purpose of kiberelem.hu is to help start-ups by providing useful information about properties and their surroundings. Plans are afoot to add analyses, which should make it easier for businesses to make investment decisions.

Featured photo illustration via Pixabay.com