International Workplace Group expands hybrid workspace in Budapest with new Regus office

International Workplace Group (IWG), has announced the opening of a new Regus office in Budapest. As the demand for hybrid working continues to grow in Hungary, IWG’s latest addition, Regus Madarász, is set to provide a range of top-tier facilities, including co-working spaces, private offices, meeting rooms, and creative areas, catering to both start-ups and established businesses.

The new workspace is located in the 13th district, just outside the bustling central business area, expanding Budapest’s Váci út office corridor. This strategic location is part of IWG’s response to the rising demand for flexible work environments, as businesses increasingly embrace hybrid working models. This opening follows a successful partnership with Proform Ingatlanbefektetési Zrt., marking the third collaboration between IWG and the property investment group.

Mark Dixon, CEO and Founder of International Workplace Group, highlighted the significance of the new location: “Budapest is a key business hub, and we’re thrilled to expand our presence here. As hybrid working becomes the new normal, the need for high-quality flexible workspaces has never been greater. This partnership with Proform Ingatlanbefektetési Zrt. allows us to further develop the Regus brand and offer cutting-edge workspaces to meet growing demand.”

The launch of Regus Madarász comes on the heels of IWG’s record-breaking first half of 2024, during which the company signed 465 new locations globally and posted its highest-ever revenue, cash flow, and earnings growth. IWG’s flexible workspace solutions have surged in popularity as businesses seek to reduce traditional office space and adopt hybrid models that offer cost savings and increased flexibility.

The new Regus office features IWG’s “Design Your Own Office” service, allowing tenants to customize their workspaces to suit specific needs. In addition to offering flexible leases, tenants will benefit from IWG’s technology platform, which integrates sales, marketing, and design support to maximize real estate returns.

As Béla Szamosváry, a representative of Proform Ingatlanbefektetési Zrt., expressed: “We are delighted to partner with IWG to bring a premium hybrid working facility to the 13th district. The demand for top-quality workspaces in this thriving area has grown significantly, and this partnership ensures we can meet those needs effectively.”

IWG is the global leader in flexible workspaces, with over 4,000 locations in more than 120 countries. As businesses worldwide transition to hybrid work, IWG’s rapid expansion is set to continue, with projections suggesting that 30% of commercial real estate will be dedicated to flexible workspaces by 2030. The shift away from traditional office models has positioned IWG to capitalize on a market with an estimated value of more than $2 trillion.