ARTICLES LABELLED WITH TAG Colliers

In Q3 2022, the Czech industrial market grew at a faster pace than at any time previously, adding 511,100 sqm of new modern industrial space to the market. The market stock overtook the level of 10.65 million sqm, further expanding after breaking the 10 million sqm milestone in H1 2022. The vacancy rate decreased to 0.99% for the first time in recorded history, plunging the national average just below 1% of all available space on the market, says Colliers.

Authorizations of new residential developments in Bucharest were down in the first semester by one third compared with the same period of 2021 but hit a 14-year record with a permitted volume of 350,000 sqm in July alone, shows data from Colliers Romania. 

Service providers, including international property agencies, are bound to adjust their services to the rapidly changing demand from occupiers, developers and investors. Property Forum asked Kata Mazsaroff, the recently appointed Managing Director of Colliers Hungary to unveil her expectations about the commercial real estate market in the region and in Hungary in particular.

Due to strong Q1 activity, partially spilling over from last year, investment volumes for the first three quarters of 2022 totalled €7.5 billion. Year-end 2022 volumes could reach between €9.0 and 10.0 billion, reveals a report by Colliers.

Colliers has taken over the management of the Tensor office complex in Gdynia, owned by the joint venture of Czech open-ended real estate fund Investika realitní fond and Luxembourg private equity investor Bud Holdings. Experts from the company's regional office will additionally be responsible for supporting the owner in the property’s commercialisation.

The volume of investment in Romania’s commercial property sector reached €330 million in Q3 2022 and €667 million in the first nine months, while in the first three quarters of 2021 the investment market stood at around €550 million, according to Colliers. 

Interest in office space in Prague is not slowing down. Office demand is growing by tens of percents year-on-year, the vacancy rate is slightly decreasing and over 190,000 sqm is under construction, according to the latest office market analysis for Q3 2022 by the Prague Research Forum.

While prior to the pandemic, as many as 76% of organisations employed people to work exclusively in the office, only 24% of organisations surveyed by Colliers say they will adopt the same hiring strategy in the future. With this significant change, we are seeing new developments in the labour market – employees’ expectations towards employers are changing, as well as the way office space is designed, which today must meet the needs of a hybrid workforce. The Colliers report Hybrid and Beyond, prepared in association with partners HRK S.A. and Well.hr, shows the most important aspects of implementing hybrid work in companies operating in the Polish market.

Spanish manufacturer of elevator components Savera is now relocating its production facility to the new CTPark Ostrava Poruba. The relocation was facilitated by Colliers.

Property developer AFI Europe aims to obtain by 2025 the LEED Zero Carbon certification for all ongoing office projects, and also for all future AFI Europe’s projects targeted to be developed in the future in Romania.