The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 

Kuehne+Nagel Global Services has leased 9,000 square meters at the Airport City Belgrade Business Park, in a transaction brokered by the consulting company Coreside Savills.

The start of 2022 has seen a marked thaw in the capital's office market following the uncertainties surrounding the COVID-19 pandemic seen throughout 2021. Q1 2022 has trends including a gentle decline in vacancy rates, the second-highest volume of office take-up on record, and increased interest in flexible workspace.

The portfolio brand Form Offices responds to the growing demand for sustainable, flexible and well-designed offices in Poland. Form Offices consists of 4 modern Class A office complexes in Kraków (Tertium, Wadowicka 3, DOT by Form) and Wrocław (Cu Office). The portfolio was acquired in 2021 by Partners Group, a leading global private markets firm, acting on behalf of its clients. REINO Group is the asset manager of the Form Offices and the co-investor within the investment.

The façade, the ground floor hall, and the reception of the Atrinova office building in Budapest's CBD have been completely renewed with a modern environmentally conscious architectural approach. 

Ghelamco launches the construction of photovoltaic farms with a total capacity of 10 MW. By 2024 the company intends to achieve energy neutrality. Warsaw UNIT will be the first skyscraper in Poland powered entirely by clean electricity.

Romanian developer Țiriac Imobiliare has officially opened its new office project in central Bucharest, located near Victoriei Square. 

Occupiers can expect to see an increase in location choices and enhanced specification in the flexible office space, predicts Colliers in its latest report, Flexpansion 2021, which analysed 36 EMEA markets (Europe, Middle East and Africa).

The Warsaw office market is showing signs of a long-awaited recovery, says real estate advisory firm Savills. Office take-up hit 273,200 sqm in the first three months of the year, which were one the best-performing quarters in the history of the capital. Savills forecasts that with office availability continuously shrinking in the city centre, the market is set for further rental growth next year.

Remote working has changed people's perception of their workplace and increased their need for facilities and experiences tailored to their dynamic lifestyle. New trends and design concepts show that offices of the future will be reshaped into campuses that will encompass facilities for the working and urban living trends of the future in a unique space, Gavin Bonner, Vice President of Genesis Property, writes for Property Forum in an opinion piece.