In Q1 2022, leasing activity in the Warsaw office market reached its highest ever first-quarter total and the vacancy rate began to show a downward trend, reveals real estate advisory firm Newmark Polska in its latest report “Office Occupier – Warsaw Office Market”.

Real estate investment company S Immo AG has purchased the Expo Business Park office project in Bucharest from Portland Trust for an undisclosed sum. 

PINK has published figures on the office market in Warsaw for Q1 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

The Czech branch of Colliers launched a new generation of search engines for vacant office, industrial and retail space in the Czech Republic, the company announced.

Romanian developer Forte Partners says that all its office projects in Bucharest are powered solely by renewable energy as part of its sustainability strategy.

Some 82.6% of employees in Romania say that working from home has affected their relationship with their team, according to a survey conducted by office developer Genesis Property. 

The office market in Bucharest expanded by 73,500 sqm to a total stock of 3.27 million sqm at the end of the first quarter of 2022, while leasing activity expanded by 44% compared to the first quarter of 2021, according to CBRE. 

Wing's Honvéd Center office building in Budapest has received a BREEAM certification. The refurbished office buildings earned their BREEM In-Use Very Good certification with their energy and water-efficient management and with features that contribute to the well-being and health of the occupants.

Warsaw UNIT is now fully adapted to work in a post-pandemic reality. The effectiveness of the solutions used in the high-rise building has been confirmed by the WELL Health-Safety Rating certificate.

Skanska was the first developer in Europe that has achieved a WELL Health-Safety rating for eight buildings in Poland, Romania, and the Czech Republic, and intends to pursue the certification for all its new projects. The company now has obtained the WELL Health & Safety Rating for Facility Operations and Management for its own headquarters across CEE countries, including the Hungarian one located in the Nordic Light office building.