ARTICLES LABELLED WITH TAG office

Saving money and time spent in traffic are the main advantages of working from home, while the main disadvantages are the lack of direct socialization with colleagues and the difficulty in separating professional from personal time, according to a survey conducted by Cushman & Wakefield Echinox.

Belgian developer Atenor completed the construction of Aréna Business Campus Building “A” in Budapest. The project, launched in spring 2018, will comprise four Class A+ environmentally conscious office buildings on 72,000 sqm on the capital’s Hungária Boulevard. The authorization of the occupancy permit for Building “A” is currently under process with the handover of the 21,000 sqm building scheduled for June. In parallel, the construction of the second, Building ”B” is in full swing and will be completed in Q2 2021.

Everyday personal and professional life have both been impacted by the COVID-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will be stabilized. Cushman & Wakefield Echinox and Dentons are launching a debate over 10 issues that will impact the entire office sector in Romania, covering over 350 modern buildings with a total surface of more than 4 million square meters and approximately 400,000 employees working in some of the largest companies, emblematic for the national economy.

For the first time since Q4 2018, the vacancy rate on the Budapest office market increased in Q1 2020, albeit only by 0.6 pps. Total demand in the first quarter of 2020 reached 79,660 sqm, stagnating year-on-year, according to BRF’s latest figures.

JLL and CBRE have been selected by Immobel Poland as agents responsible for the commercialization process of Central Point in Warsaw. The investment is being built on the corner of Marszałkowska and Świętokrzyska Streets and above an intersection of the two metro lines of Warsaw.

At the end of 2019, the total modern office stock in Łódź amounted to 528,300 sqm with more than 90,000 sqm currently under construction. Cushman & Wakefield has summarised 2019 on Łódź’s office market.

The coronavirus pandemic could be the catalyst for increased working from home in the future, a survey by Colliers International has revealed.

In 2019, Lublin’s total office stock amounted to 191,200 sqm with no new office projects delivered to the market in the last 12 months. In 2017-2018, the city’s office stock expanded by nearly 40% following a period of robust local development activity. Cushman & Wakefield summarised 2019 on Lublin’s office market.

As the global pandemic progresses across borders and within countries, Cushman & Wakefield’s EMEA market research experts shared what they are seeing on the ground in their countries.

Throughout the first quarter of 2020, the total transaction volume on the commercial real estate market in Poland exceeded €2.4 billion, according to preliminary results by Avison Young. This volume is almost three times as high as compared to the corresponding period of 2019, however, in line with Avison Young forecasts from December last year. Robust investment activity has been mainly noted in the industrial and office sectors. Asian investors dominated investment volume in terms of capital origin, with a particular focus on the industrial sector. At the same time, a growing investment activity of CEE investors is continuously observed, especially on the office market.