ARTICLES IN Office TOPIC

16
Aug
2017

Warsaw office market enters next stage of maturity

by Ákos Budai
The Polish office market has seen rapid growth with Warsaw’s office stock more than doubling over the last ten years, as revealed by Cushman & Wakefield in its cyclical report Skyline Tracker, outlining modern office supply forecasts.
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16
Aug
2017

Immofinanz appoints Savills as PM in the Czech Republic

by Ákos Budai
Savills has been appointed by Immofinanz to property manage a portfolio of four office buildings in Prague. The portfolio includes myhive Pankrác House, Jindrřišská 16, Jungmannova 15 and Airport Business Center, accommodating over 70 tenants including: OMD Czech, GrECo JLT, Customs Office Prague, CPL Jobs and others. 
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16
Aug
2017

New records set on Poland's office market

by Ákos Budai
Companies signed lease agreements for nearly 723,000 sqm of modern office space in the first six months of 2017. This constitutes the best ever result for Poland's market. In total, nearly 320,000 sqm was completed while 1.8 million sqm of office space remains under construction. JLL summarised H1 2017 on the office market in Poland.
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09
Aug
2017

Skanska to launch Poznan urban renewal project

by Ákos Budai
Skanska has launched the construction works of the Nowy Rynek office project in Poznan, Poland, A new city quarter, together with a market located in a complex of multi-functional buildings, will be developed on an area of 3.8 ha on the crossroads of Matyi and Wierzbięcice Streets. Furthermore, it will constitute one of the biggest urban enterprises in the history of Poznan as well as being Skanska's most complex developer project to date in Poland. During the first phase of construction works, the company will develop an office building offering 25,000 sqm of modern space. The first phase is expected to be delivered in Q2 2019.
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04
Aug
2017

Brno and Ostrava office market vacancy rates decrease

by Ákos Budai
Gross take-up in the first half of the year decreased on yearly basis in the two largest regional cities in the Czech Republic. The Regional Research Forum – comprising CBRE, Colliers International, Cushman & Wakefield, JLL, Knight Frank – published its Brno and Ostrava office market figures for H1 2017.
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27
Jul
2017

Warsaw office market absorbs new supply

by Ákos Budai
Over 722,200 sqm of office space is currently under construction across Warsaw, but despite such a high level of new supply, the market remains healthy which is proved by a decreasing vacancy rate and a record high letting activity in H1 2017. Savills summarised the first half of the year on Warsaw’s office market.
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27
Jul
2017

Demand continues to grow for Prague offices

by Ákos Budai
Gross take-up on the Prague office market in the second quarter of 2017 amounted to 153,500 sqm, representing an increase of 45.0% compared to the previous quarter and an increase of 36.9% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q2 2017. 
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27
Jul
2017

Record demand for Warsaw office space

by Ákos Budai
The office market in Warsaw broke another record – total demand for office space in H1 2017 was 391,400 sqm. Wola continues to grow in terms of both popularity and significance. JLL summarised H1 2017 on the office market in Warsaw. 
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21
Jul
2017

New deals drive Warsaw’s office market

by Ákos Budai
The vacancy rate on the Warsaw office market reached 13.9% at the end of June, with gross take up in H1 2017 nearly reaching 400,000 sqm. The Polish Office Research Forum has published its figures for Q2 2017 for the office market in Warsaw. 
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19
Jul
2017

Office development is booming in Budapest

by Ákos Budai
Construction cranes are a common sight when walking around Budapest, marking the rapid property development taking place. Soon, scores of office buildings will appear out of nowhere. The changes are especially dramatic on Váci Road. Just a few minutes’ walk north of the metro station on Dózsa György Road there are three adjacent construction sites. But there are developments in progress all over the city, paving the way for new business centres.  
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