Office leasing across the country totaled 108,747 sqm in Q3, up 9% compared to the same period of last year, with Bucharest, Iași and Cluj-Napoca recording the biggest volume of transactions, according to real estate consultancy Fortim Trusted Advisors. 

We can see more interest coming from government entities to rent office space in modern office buildings in CEE. We also see large companies centralising their office spaces in a single building. Property Forum asked Tomasz Lisiecki, CEO of TriGranit about his assessment of these trends.

The Prague office real estate market reached several records in the first nine months of 2022. It marked year-on-year records in the growth of new office space, record demand from tenants, and even much more office space was leased this year than a year earlier, according to JLL's regular quarterly analysis.     

According to Savills, development activity has cooled dramatically in the Warsaw office market. There is currently close to 230,000 sqm under construction, of which just over 115,000 sqm is scheduled for completion in 2023–2024.

Since the beginning of the year, five companies have decided to lease a total of 10,000 sqm of office space in Warsaw Spire C, which is almost half of the building. The majority of contracts are renewals of existing leases, two contracts were concluded as green leases. The occupancy rate in Warsaw Spire C is currently over 96%.

Pavăl Holding, the investment vehicle of the Pavăl family, has purchased first phase of the U•Center office project in the Tineretului area of Bucharest from Romanian developer Forte Partners for an undisclosed sum. 

Penta Real Estate secured one of the largest office contracts in the Czech Republic in Q3 2022. Fio banka's headquarters will move to the Masaryčka office complex, designed by London-based architectural studio Zaha Hadid, in spring 2024, Seznamzprávy.cz reports.

Around 500 colleagues based in Hungary’s second-biggest city will move to the new location, state-of-the-art Forest Offices in 2023.

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q3 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.

PPF Real Estate has announced the launch of the first stage of the ARC office project in Bucharest by clearing the existing structures on the site. The planned ten-story class A office building is due for completion in 2025.