Budapest's office market recorded a notable decrease in its vacancy rate during Q2 2025, reaching 12.8%. This marks a 1.29 percentage point drop from the previous quarter and a 1.18 percentage point decrease year-on-year, according to the Budapest Research Forum (BRF). Net absorption also turned positive, reaching 57,000 sqm.

Pavăl Holding, the investment vehicle of the Pavăl family and Romania's largest local entrepreneurial group, announced its strategic acquisition of Praktiker Hellas, Greece's leading DIY retail chain owned by Farifax Financial Holdings, for an undisclosed sum.

Investika Real Estate Fund has entered the Austrian real estate market by acquiring a light industrial and office asset with an interesting sustainability profile near Vienna Airport. 

According to a report from Cushman & Wakefield, Warsaw’s office development pipeline has fallen to its lowest level in 30 years, with only 130,000 sqm currently under construction — a volume last seen in 1995. While new supply remains limited, demand for centrally located office space continues to support prime rental growth.

Residential developer Living has announced the launch of sales for Park West Rise, the fourth and final phase of its Park West residential park. 

Scallier has secured exclusive rights to commercialise five new retail parks in Toruń, Bydgoszcz, Ruda Śląska, Zabrze, and Darłowo. Construction is scheduled to begin between late 2025 and early 2026, with openings planned for the first half of 2027. The projects will offer a combined leasable area of over 40,000 sqm.

Romania's commercial real estate market recorded investment deals worth €391 million during H1 2025, down 6.5% compared to H1 2024, with offices gaining a bigger share of the total volumes. This was the second best-performing first half in the last 12 years, surpassing the average for the period by 30%, according to Cushman & Wakefield Echinox. 

According to Avison Young, at the end of the first half of 2025, Warsaw's modern office stock reached 6.33 million sqm. Three projects were delivered: The Bridge (51,800 sqm), Office House (27,800 sqm), and CD Projekt HQ (5,600 sqm), all contributing to the city’s central zones, which continue to concentrate nearly 90% of new supply.

Zeitgeist Asset Management has received occupancy approval and a BREEAM certificate for its new mixed-use building, Zeitraum Racławicka 58, which combines serviced apartments and private student housing. The project addresses the growing demand for student and rental accommodation in Kraków.

The Polish Chamber of Commercial Real Estate (PINK) has released data summarising the office market situation in eight major regional cities in Poland for Q2 2025: Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, and Szczecin.