According to Savills, total modern office space in Prague increased slightly in Q2 2021 to 3.73 million sqm. Although subdued and still challenged by uncertainty, Q2 2021 saw a recovery in new supply as 49,500 sqm was delivered to the market across four new projects. Even though a decline of 57% is still visible in y-o-y comparison, new office supply for the second quarter is 10% above the pre-pandemic quarterly average.

Property developer Atenor says it sold its office project Dacia One in central Bucharest to Pavăl Holding, then owner of Romanian DIY retailer Dedeman. 

Standards that certify a building's resilience to a pandemic are not only useful, but also necessary in the current context, according to 96% of employees surveyed by Romanian developer Genesis Property. 

The office leasing market in Bucharest is gradually recovering and there were deals worth 70,000 sqm that were closed in the second quarter, according to an analysis by real estate consultancy Griffes. 

CA Immo says it has obtained the COVID-19 Compliant certification for its entire Romanian portfolio that comprises seven office buildings with a total leasable area of over 165,000 sqm. 

A location between two metro stations - Rondo ONZ and Rondo Daszyńskiego, characteristic Xs in the architecture of the ground floor. These are just some of the distinguishing features of the new Skanska project in Warsaw. Studio, the newest Skanska office complex, the construction of which starts on Prosta Street, will provide a total lease area of approx. 43,000 sqm GLA. This is yet another project of the Swedish developer in the business district in Warsaw.

Real estate developer Speedwell says it has refinanced a loan granted by BRD Société Générale after the completion of Cluj-based Record Park Offices. 

JLL was appointed an exclusive leasing agent for the Focus office building in Warsaw.

What will offices look like once the pandemic is over? Five quarters of a health crisis later and there is still no clear answer for Warsaw’s office market. Prudent decision-making and waiting to see what happens as observed for the last few quarters on the one hand, with evident landlord flexibility, great expectations as to the vaccination rate in the capital, unfreezing of decision-making processes regarding office leases and the decidedly growing need and desire to return to office working on the other hand. Analysts at BNP Paribas Real Estate discuss the key trends prevailing on the capital’s office market to summarize the second quarter of the year.

The new office supply in Bucharest is set to exceed 200,000 sqm in the second half of this year, with almost two thirds of the offices scheduled for delivery by year’s end already pre-leased.