Ryan Wray, Managing Director and Principal at Avison Young, Czech Republic, talked to Property Forum about the perils of today’s macroeconomic conditions investors may reckon with in their decision-making and looked at possible scenarios and working strategies for office occupiers in the Czech office market.

S Immo Hungary’s Blue Cube office building has been awarded a Very Good green rating in the BREEAM In-Use category and an Excellent rating in the Building Management category.

Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers. 

Brno's office stock reached 635,900 sqm in the first half of 2022 and 75,300 sqm is being built there. At the same time, Ostrava's office stock has 219,100 sqm and builts 21,000 sqm of offices. None of these regional metropolises had finished a new office building in the first half of this year. In both localities, prime rents increased reflecting the general pressure on prices in new developments, reports the Regional Research Forum.

In Q2 2022, Prague's current office space volume reached 3,75 million sqm and 215,700 sqm is under construction. It is expected that the construction volume will increase by 74,000 sqm of office space by the end of 2022. Rents grew by 18% y-o-y and further growth in coming periods is also expected, JLL's Prague Office Market Q2 report says.

In the first half of 2022, demand for offices in the Polish largest regional cities was higher than in the entire 2021. Also office assets in such locations are now one of the main targets for investors, says Avison Young Poland.

Starting this summer, an unmanned Żabka Nano store operates in Aeropark Business Centre, owned by GTC. 

The modern office stock in Romania has reached 4.3 million sqm at the end of the first semester of 2022, with another 335,300 sqm slated for delivery by the end of 2023, according to real estate consultancy CBRE. 

Property developer Skanska has named Anamaria Crețu and Tamara Guleryuz as Leasing & Asset Managers for the Romanian portfolio. The roles contribute to the growth of the business and the improvement of the experience offered to clients and occupiers of buildings.

At the end of June 2022, Warsaw’s total office stock amounted to approximately 6.27 million sqm. Occupier activity accelerated while the vacancy rate continued its downward trend in H1 2022, according to Cushman & Wakefield.