Following the difficulties of 2009, experience so far this year indicates that the crisis is far from over in Hungary’s office market, with the trends largely unchanged from those seen in late 2009. Total office stock increased by 112,000 sqm, but the market was unable to absorb all of the new supply — with net absorption just 57.3% of the 111,000 sqm of total tenant activity —, thus the vacancy rate rose further to around 26.1% during H1. Still, it is good news, that based on the expectations of Colliers International, no further rise in vacancy is expected within the next 6 months – said Miklós Saly, director of office leasing at the Hungarian office of Colliers International.