The office stock in Bucharest’s sublease niche totaled 67,400 sqm in 2023, while new transactions in this segment amounted to 5,856 sqm, according to an iO Partners report.

CTP has signed a lease agreement with Heimstaden, the provider of rental housing in the Czech Republic, for almost 3,500 sqm of office space at IQ Ostrava. 

Swedish property developer Skanska has developed an offer to tenants consisting of services to support them in creating sustainable workplaces and non-financial reporting.

In 2023, on Poland’s largest eight regional office markets, developers delivered 280,000 sqm (-31% y/y). It’s bringing the sector’s total stock to 6.68 million sqm (+4% y/y). The new supply slightly increased the vacancy rate, stabilizing around 17.5% (+2.2 pp. y/y) at the end of December 2023. The largest concentration of tenant activity was observed in the largest regional office markets, i.e., Kraków, Wrocław, and the Tricity (about 70% of gross demand), where, in total, companies leased about 520,000 sqm out of 750,000 sqm of all signed contracts in 2023, says Axi Immo.

Coworking space operator betahaus has opened its first hub in Bucharest, marking its entrance in Romania. The company has leased space in the Premium Plaza office project owned by GTC in central Bucharest.

As demand for flexible workspace continues rising IWG has announced three new openings: Regus Budapest Infopark, HQ Budapest F99 and Regus Szépvölgyi will offer private offices, meeting rooms, co-working and creative spaces.

CTP has signed a lease agreement with PKV BUILD, a leading player in energy consulting. Leased premises are currently being built by CTP at its Vlněna office complex in Brno, Czech Republic.

Although the office development pipeline in Poland’s eight largest regional city markets is clearly shrinking, it is still above that for Warsaw, says BNP Paribas Real Estate Poland in its laterst report. Another notable development of the last quarter of 2023 was that the overall regional vacancy rate hit an all-time high by the end of December.

The BEM Center office building has been handed over and with it the first tenants have arrived, including the investor and developer Market Asset Management Zrt.

The construction of Bratislava Vydrica by Lucron is progressing. Currently, the sale of offices in office building V3 on the Danube embankment has been launched.