Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.

Cluj-Napoca recorded a fourfold growth in office leasing in 2024 and was the biggest regional market for such transactions, according to a Fortim Trusted Advisors analysis.

According to the latest report published by Newmark Polska, in 2024, leasing activity in Poland’s key regional city office markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, Szczecin) showed stability, with annual take-up exceeding the average for the past five years. The strongest demand was recorded in Kraków, Wrocław and Tricity, which solidified their leading positions among regional cities. Additionally, lease renegotiations outnumbered relocations last year. While the overall vacancy rate edged up, developers remain cautious about starting new projects.

The investor SIAG Multipurpose Center, belonging to the Austrian investment holding, has received a decision on environmental impact assessment for the next stage of the Petržalka City project in Bratislava, reports YIMBA.sk.

PPF Real Estate Holding has diversified its footprint in the US property market with an investment in Gasworx, a mixed-use development in Tampa, Florida. The multi-phase project is designed to connect Tampa’s historical Ybor City with downtown districts and transform a currently underused area.

Cushman & Wakefield has summarised the situation in Poland’s largest office markets at the end of 2024. Leasing activity in both Warsaw and regional cities remained at 2023’s levels, while development activity continued to stagnate. By contrast, the capital market experienced a rebound, with the office investment volume rising to €1.64 billion and Warsaw recording a more than threefold increase. 

On February 20, the City Council in Bratislava is going to vote on important amendments to the city master plan, related to the construction of the Nové Lido by JTRE and Southbank by Penta Real Estate projects, reports DennikE.sk.

Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox, talked to Property Forum about the demand trends in the Romanian office market and the outlook for industrial and retail investments in 2025.

Investment activity is accelerating, especially in Poland and Slovakia, while interest from Asian companies in logistics and manufacturing is increasing across CEE, according to a Colliers report. 

CPI Property Group (CPIPG) has signed 198 leasing contracts covering 128,400 sqm of the company’s office space in Warsaw during 2024, which accounted for 18% of the total demand for office space in the city.