After the excellent results recorded in 2017, Warsaw's office market continued performing well in Q1 2018. Vacancy rates are decreasing while demand stands at 202,000 sqm. 770,000 sqm of office space is under construction. There is also a growing demand for flexible space, and state-of-the-art technological solutions. JLL summarised the situation on the Warsaw office market at the end of Q1 2018.

Gross take-up (including renegotiations and subleases) on the Prague office market in the first quarter of 2018 amounted to 85,700 sqm, representing a decrease of 51% compared to the previous quarter and a decrease of 19% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q1 2018.

JLL has been selected by Immofinanz as the property manager of the Park Postępu office complex in Warsaw. JLL took over management of the building on 1st April 2018.

JLL helped with the sale of an office building in Chodov, Prague. The project on Roztylská with an area of over 9,000 sqm was sold at the purchase price of €9.47 million (CZK 240 million). The seller was PSN and the buyer was Vinton Development s.r.o. It is the largest transaction ever provided by S&MI (Small & Medium Investments) department under the leadership of Pavol Bak. 

JLL's Office Agency has obtained an exclusive mandate to lease Argentinská Office Building owned by SUDOP Invest in Prague 7. A lucrative office building of almost 10,000 sqm is due to be built in the second quarter of 2019 and offers its potential tenants over 6,000 sqm of offices in 7 floors.

JLL has been selected as the exclusive leasing agent for Infinity - an office scheme in Wrocław which will offer over 22,000 sqm of space. Avestus Real Estate and Tristan Capital Partners are responsible for the execution of the investment.

Companies have rented almost 70,000 square meters of office space in Bucharest in Q1 2018, according to JLL. One-third of the demand came from companies that formerly had their headquarters in old, small buildings or in other different from modern buildings (non-competitive stock). This segment of demand increased compared to last year when it accounted for only 7% of the total take-up.

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 Focus Estate Fund has acquired Park Handlowy Eden (Galeria Eden), Zgorzelec (Poland). Focus intends to invest more than €1.5 million in repositioning the 8,500 sqm retail centre with the support of its partner in development and leasing, Młyn Retail Parks Sp. z o.o.

S Immo Hungary, owner of River Estates office building located at the junction of Váci road and Dózsa György road, co-exclusively assigned JLL and Robertson Hungary real estate agencies to lease 9,200 square meters of quality office space.