Avison Young and Colliers jointly advised Octava Property Trust on the sale of the Lighthouse office building in Warsaw. The buyer is an investor with Polish capital.

The high street concept is enjoying great success in cities such as Vienna, Prague and Budapest, but this format has long been a failure in Bratislava. The city is experiencing a massive expansion of retail parks, shopping centres and discount chains, according to Colliers' latest report.

Affordable rents for office space in the centre of Prague have reached a historic high. At the same time, Prague is maintaining the lowest vacancy rate among CEE capitals, reports Colliers in its analysis of the office real estate market.

Gross realised demand on the Czech industrial real estate market has risen above the five-year average in the first quarter of this year, indicating the potential for market recovery. Over 155,000 sqm of new space has already been delivered to the market this year, and a further 1.6 million sqm is currently under active construction, according to a survey conducted by Colliers.

Bucharest's industrial and logistics market has experienced significant growth, with its modern leasable space nearly quadrupling over the past decade to exceed 3.6 million sqm, according to a Colliers analysis.

The first quarter of 2025 has been marked by extraordinary activity on the Czech commercial real estate market. According to Colliers, total investment volume reached €1.48 billion, already surpassing the full-year 2023 results of €1.15 billion. Several large transactions with a value above €100 million contributed to this record.

Only one office project was completed in the Prague office market during Q1 2025, adding 8,700 sqm to the total stock of 3.96 million sqm, reveals Prague Research Forum in its Office Market Figures for Q1 2025.

Romania stands out in the CEE as an increasingly attractive destination for investors in the industrial and office real estate sectors, a Colliers analysis reveals.

Colliers has announced the appointment of Katarína Brydone as the Managing Director of Colliers in the Czech Republic, effective 2 May 2025. This appointment has followed the announcement of Tewfik Sabongui stepping down from Colliers after seven years of leading the Czech Republic business. 

The share of renegotiations of lease contracts on the Czech office market is increasing, currently hovering at around 50% of all concluded transactions. A growing number of companies are preferably extending their existing lease rather than moving to new premises after their lease expiry, reports Colliers.