Over H1 2024, the office stock in the CEE region grew by 213,000 sqm, with the largest increase recorded in Budapest (78,300 sqm). The majority of the markets still experience subdued construction activity as vacancy rates remain higher than 10%. The development pipeline is largely dependent on pre-lease agreements, with a limited number of speculative starts. The only exception is Prague, where the under-construction volumes nearly doubled as compared to the end of 2023. The overall vacancy rate in the CEE capitals recorded a minimal increase over H1 2024 and stood at 11.6%, against 11.5% in Q4 2023. Muted construction activity will push the overall vacancy rate downwards in the mid-term. A decrease in availability will be more prominent in the prime market segment as occupiers follow „fly to quality” trend. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the office market in Poland against the background of countries in the CEE region.

Investors returned to the Central and Eastern Europe (CEE) markets. Their activity exceeded the volume of €3.3 billion in H1 2024 translating into 41% growth year on year and reaching almost the full-year volume of 2023. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the investment market in Poland against the background of countries in the CEE region.

The 13th edition of the JLL Charity Beach Volleyball Tournament - starts today. 64 teams will play at the Monta Beach Volley Club in Warsaw to raise funds for charity. The entire amount raised during the event will, for the second time, be used to support the construction of the Ronald McDonald House at the "Pomnik - Centrum Zdrowia Dziecka" Institute. Property Forum is a Media Partner of the event. 

JLL will be responsible for leasing Atenor's future projects in Poland. Based on the success of Lakeside, Atenor has decided to entrust JLL with the commercialisation of its next two projects: Lakeside II i.e. the modernised UBC II building and FORT 7.

The 13th JLL Charity Beach Volleyball Tournament will take place on August 1st at the Monta Beach Volley Club in Warsaw. Funds raised during the event for the second time will go towards supporting the construction of the Ronald McDonald House at the ‘Pomnik - Centrum Zdrowia Dziecka Institute. Property Forum is a Media Partner of the event.

JLL Polska has been appointed as the exclusive agent to represent the Europlex office building. This multifunctional building, located on the borders of Warsaw’s Śródmieście and Mokotów districts, offers nearly 20,000 sqm of office space for lease.

The retail sector accounted for 58% of the total investment transaction volume that reached €500 million during 2023 in Romania, according to data from iO Partners in collaboration with JLL.

iO Partners, the JLL Preferred Partner, appointed Robert Sgariboldi as the Head of Industrial agency in Czechia. This strategic move comes in the wake of the recent appointment of James Fitzgerald as Regional Director for the Industrial & Logistics business, covering the CEE and Balkan region.

In Poland, on average, only 1 out of 100 students can expect a place in a modern dormitory. In Europe, approximately 15% of students can secure accommodation in dormitories. According to JLL research, the current unmet demand for student beds in dormitories reaches 4.7 million in the largest European cities. Poland, with 1.2 million students, ranks sixth in Europe in terms of the potential market for student accommodation operators, not far behind Spain and Italy.

During the first half of 2023, investment activity remained low due to increased financial costs and an uncertain outlook. As a result, there was a need for more price discovery across all sectors. In Poland, we are witnessing a similar tendency in European countries and the United States, and one of these trends is a reduction in investment volume. The rise in interest rates had a significant impact on transaction valuations and investment activity, leading to a challenge in determining the size, speed, and duration of price adjustments. JLL experts presented an analysis of investors' activity in Poland in comparison to CEE countries.