A new report by Colliers International and international law firm CMS has found that one-third of professionals in Central and Eastern Europe (CEE) believe their workplace will change over the next 2-3 years. The firms’ second annual report, ‘CEE Office Real Estate Compass: Is your workplace Millennial-ready’, looks at the changing nature of the workplace in CEE and includes a survey of 72 CEE-based professionals drawn from the spectrum of geography and seniority.

In Q1 2018, industrial space totalling 181,900 sqm was completed across the Czech Republic, but speculative construction accounted only for 2% of all new developments. The Industrial Research Forum announced the preliminary industrial market figures for Q1 2018.

The number of institutional-grade products has increased progressively and we are now at a point where Romania can be competitive compared to other CEE countries with regards to building quality as well as tenant profile. Robert Miklo, Director of Investment Services at Colliers International Romania shared his thoughts.

Although nearly 120,000 square meters of new industrial / logistics space was delivered to the Budapest market in 2017 which is almost double of the figure delivered in 2016. It may still occur that by the end of the year the available warehouse units with 5,000 sqm+ space will disappear from the Budapest market and its surrounding area, according to Colliers International's latest industrial property market report.

Colliers International was assigned by Werk Property Group to offer property management services for the Vox Technology Park office project in Timisoara. Therefore, the Colliers International team strengthens its leading position on the office property management market, as the managed office portfolio grew by 10% up to 280,000 leasable sqm, out of a total portfolio of 380,000 leasable sqm.

Retail and hotel sectors recorded highest investment volumes in the Croatian commercial property market in 2017. According to information available and Colliers’s estimate, 2017 brought more than €320 million investment in transactions of 22 investment properties. This does not include pending transactions or confidential deals.

London ranked as Europe's most attractive city for businesses and employees for second year running, according to Colliers International's latest European Cities of Influence report, which reviews and ranks cities based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity; Paris, Madrid, Moscow and Birmingham making up the rest of the top five.

Colliers International announced the launch of its new Hotels Advisory department in Poland, led by Rafał Rosiejak, who has been appointed as Director.

Although offices still comprise the majority of certified green buildings in Hungary, other types of properties are increasingly being certified, according to Colliers International’s latest green building market report.

With GDP growth outperforming by a significant extent neighbouring CEE countries, 2017 was very good for the real estate market in Romania, especially for office, investment and land segments. According to Colliers International’s new report, the market’s dynamism will be extended through 2018, supported by new demand and trends in the capital and especially in the major regional cities in the country.