ARTICLES LABELLED WITH TAG CBRE

CBRE's new pan-European survey has confirmed the success of the long-term effort of companies to attract employees back to their offices, with the best results achieved by large companies.

In the second quarter of 2024, the total office space in Bratislava has reached almost 2.1 million sqm, while the share of vacant offices has decreased, according to the quarterly report of CBRE.

The total rental activity of industrial and logistics real estate in Slovakia has reached 180,000 sqm in Q2 2024, a 92% increase compared to Q1. The automotive sector has carved out almost a third of all leased space. This data has followed from the quarterly CBRE report.

Year-on-year inflation in Slovakia has been around 2% since March, a CBRE report on retail figures has revealed. Year-on-year prices have been higher in 11 out of 12 expenditure groups of households. 

The Regional Research Forum has presented H1 2024 Brno and Ostrava office market data. The vacancy rate in both cities is moving slightly below 12%.

The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.

The Czech industrial RE market has experienced a record growth of interest in renting new premises, especially from companies linked to e-commerce triggering extensive speculative construction. Although the market situation is stable and positively influenced by the gradual reduction of construction costs in combination with yield stabilisation, recently the vacancy rate has slightly increased and two new phenomena have emerged on the market.

Croatian autonomous car maker Verne has leased 28,500 sqm in VGP Park Zagreb for a new factory. Under the lease terms brokered by CBRE, VGP will develop a built-to-suit project for Verne featuring offices, warehouse space and a production facility.

The debt markets in Europe remain resilient. An extensive survey by CBRE among 130 companies shows that the lending environment is on a solid footing for when investment activity starts to pick up in the second half of 2024. Nearly two-thirds of respondents expect a recovery compared to last year with refinancing being the main source of demand. Industrial and multifamily are the preferred sectors for lending, with student accommodation and hotels seeing the strongest increase in demand.

Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, CBRE’s Polish branch will be acting as the exclusive letting agent of Skyliner II office project.