In the first quarter of 2025, Warsaw’s modern office stock reached 6.28 million square metres. Only one new project was delivered during this period - the CD Projekt HQ in the East office zone, contributing 5,600 sqm of new supply. The total office space under construction or renovation amounted to approximately 210,000 sqm. Gross demand reached 160,500 sqm, while the vacancy rate slightly decreased to 10.5 per cent quarter over quarter, say experts from Avison Young.

Globalworth and the consortium of banks Helaba and pbb have announced the signing of an agreement extending the bank financing for the office real estate portfolio by an additional 5 years. The initial loan of €100 million was granted in 2018 to finance multiple properties. The financing continues to be secured on a number of assets in Poland: Centrum Biurowe Lubicz, Tryton Business Park and Spektrum Tower.

The first building of the logistics and consignment centre in the Panattoni Park Bratislava North II has been completed by the general constructor HSF System SK from the PURPOSIA Group. The project developer is Panattoni, the investor is the Accolade group.

Panattoni has obtained a loan from Alior Bank to support the expansion of its latest investment in the Lublin Voivodeship. The €14 million will be allocated to developing an 11,190 sqm build-to-suit (BTS) facility for one of the logistics operators.

The total volume of modern office space in Prague has increased to almost 4 million sqm at the end of 2024 with 72,800 sqm completed in the entire year of 2024. However, the situation is going to be even worse in 2025 and 2026, according to the Trend Report 2025 study published by the Association for Real Estate Development. 

Romania’s volume of construction work increased in the first two months of the current year, with a 16.7% rise in the unadjusted series, and a 19.5% rise in the series adjusted for working days and seasonality versus 2024, according to data from the National Institute of Statistics (INS).

In a market environment marked by pricing inelasticity and shifting investor sentiment, Gránit Asset Management has made a significant move with the acquisition of Equilibrium 1, a landmark office building in Bucharest. Property Forum talked to Erik Wafler MRICS, Senior Investment Manager at Gránit Asset Management, to gain deeper insight into the strategic thinking behind this transaction, the challenges of sourcing institutional-grade assets in CEE, and the company’s broader ambitions in the region

Budapest’s office market recorded a slight decrease in total demand during Q1 2025, while net take-up of space rose by almost a quarter, with vacancy rate in stable territory, according to data from the Budapest Research Forum (BRF).

The residential market in Prague continues to grow strongly. According to data from BuiltMind, over 2,100 newly built units were sold in the first quarter of 2025, almost 15% more than in the previous quarter.

The share of renegotiations of lease contracts on the Czech office market is increasing, currently hovering at around 50% of all concluded transactions. A growing number of companies are preferably extending their existing lease rather than moving to new premises after their lease expiry, reports Colliers.