The Prague office market is showing signs of recovery as the developers launched three new office projects in Q1, and the volume of space under construction rose by 81% year-on-year. Pre-leasing is gradually returning, and there is a growing willingness to build speculatively without pre-secured tenants.

The Bucharest office market is showing early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting renewed occupier appetite for future office spaces. As tenants secure their leases well in advance, the current development pipeline exceeding 215,600 sqm, the highest level in recent years, is expected to be gradually absorbed, according to data from Cushman & Wakefield Echinox.

Passerinvest Group has completed the shell construction of the Hila multifunctional building in Prague's Brumlovka district. The 15-storey building reaches 55 metres at its highest point and combines offices, residential units, shops and services for the first time in the area.

CA Immo recorded a decline in first-quarter profits following high-volume property divestments, though a fully pre-leased development pipeline in Berlin is positioned to anchor earnings growth from late 2026 onwards.

Cluj Business Campus (CBC), an urban real estate and workplace experience project in Cluj-Napoca, is entering a new development phase with investments of almost €500,000 allocated in 2026. 

Forestay Group has acquired the Corner6 Business Center, an A-category office building located in downtown Budapest, for an undisclosed sum. 

Crestyl Group has secured a €185 million medium-term refinancing package for its Dock In Office Park in Prague, jointly underwritten by Deutsche Pfandbriefbank (pbb) and Helaba. The transaction capitalises on the lenders' long-term involvement with the Prague 8 commercial development. Prior to this agreement, both pbb and Helaba successfully provided the financing for all five individual phases of the waterfront office park.

Leasing transactions for modern office space in Bucharest increased by 14% in Q1 2026 compared to the same period last year, while new demand rose by 24%. However, the market remains below pre-pandemic levels, according to Colliers data.

Echo Investment has signed an agreement for the sale of the Brain Park B building in Kraków to Polish Sando Office for approximately €40.3 million.

Poland's regional office markets recorded their weakest first-quarter demand since 2021, with tenant activity falling by almost one-third year-on-year, according to Savills' eport.