ARTICLES LABELLED WITH TAG report

02
May
2017

Is Budapest ready to become a smart city?

by Ákos Budai
Smart buildings and smart infrastructure are essential parts of a liveable, sustainable, future-proof and truly smart city, something that population centres all over the world aspire to be. Things have started going in the right direction but the Hungarian capital still has a long way to go before it can establish itself as a smart city. The vision of Budapest as smart city, officially approved by the City Council, was presented at the latest Green Talk, organised by RICS and the Hungary Green Building Council (HuGBC).
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02
May
2017

Warsaw’s centre successfully absorbs new supply

by Ákos Budai
The office market in Warsaw maintains momentum with demand for office space reaching 194,000 sqm in Q1 2017. JLL summarized Q1 2017 on the office market in Warsaw.
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02
May
2017

Manufacturing drives the Czech industrial market

by Ákos Budai
Net take-up on the Czech industrial market in Q1 2017 totalled 238,800 sqm, representing a yearly increase of 13%. The vacancy rate reached 4.7%, having decreased marginally by 4 bps since Q4 2016. The Industrial Research Forum announced the final Industrial Market figures for Q1 2017. 
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27
Apr
2017

New leases dominate the growing Prague office market

by Ákos Budai
The first quarter of 2017 saw only one office building delivered to the Prague market. Strong demand from tenants helped the vacancy rate decrease by 1.1 percentage points to 9.4%.The Prague Research Forum announced the office market figures for Q1 2017.
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26
Apr
2017

Polish shoppers set to spend 40% more

by Ákos Budai
With an impressive 66% growth of retail sales per capita since 2004, Poland stands second to none in Europe. Over the past five years both the retail stock and the retail sales have been growing steadily at the level of 20% cumulatively, according to an analysis released by Cushman & Wakefield. Forecasts for the next decade show a further 40% growth of retail spending per capita, which demonstrates growing affluence of the Polish society.
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26
Apr
2017

There’s no way to go up but up in CEE

by Ákos Budai
While Western European investment markets have peaked and investment volumes are going down, CEE markets are having a strong momentum with volumes going up. This growth is most visible in the Czech Republic which posted its strongest Q1 figures on record this year. Over 20 speakers and more than 100 visitors came together in the Czech capital for the first ever Prague Property Summit, organised by Property Forum and RICS, to analyse the potential of the market from a global perspective. 
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19
Apr
2017

Budapest industrial stock expands further

by Ákos Budai
The vacancy rate on the Budapest industrial market declined 2.2 percentage points q-o-q, reaching a record low of 5.9% at the end of Q1 2017. The Budapest Research Forum published its quarterly industrial market analysis.
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19
Apr
2017

Budapest office market vacancy reaches record low level

by Ákos Budai
Demand continues to be strong on the Budapest office market and with new supply still limited the vacancy rate decreased further in Q1 2017. It now stands at 9.2% which is the lowest rate on record. The Budapest Research Forum published its newest figures.
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18
Apr
2017

Strong year ahead for Poland’s retail market

by Ákos Budai
Poland’s retail market is likely to grow by 511,000 sqm of space in 2017, including 388,000 sqm in the shopping centre format alone. JLL summarized Q1 2017 on the retail market in Poland. 
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12
Apr
2017

10 industrial parks expand in the Czech Republic

by Ákos Budai
In Q1 2017, industrial space totalling 162,400 sqm was completed within 10 industrial parks across the Czech Republic, bringing the total stock of modern industrial and logistics space to 6.47 million sqm. The Industrial Research Forum announced its preliminary industrial market figures for Q1 2017.
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Latest news


New leases

  • IT companies drEryk and Innergy have leased space from Cavatina Holding in the Tischnera Office building in Kraków and will take up a combined 1,200 sqm.
  • Pyroll, a Scandinavian paper and cardboard manufacturer has decided to prolong the lease of 13,000 sqm of warehousing space in Diamond Business Park Stryków for another 5 years. Diamond Business Park Stryków is owned by White Star Real Estate.
  • 108 Agency has mediated a lease renewal of 5,300 sqm for Czech company Country Life in Prologis Park Prague-Rudná.

New appointments

  • Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield Poland as a Senior Residential Analyst with responsibility for advisory to PRS clients. Prior to joining C&W, she was a member of JLL’s Living Investment Team, which was responsible for transaction advisory comprising rental apartments, purpose-built student accommodation, co-living and other income-producing assets in the residential sector.
  • JLL Hungary has appointed Balázs Agócs as Workplace Strategy Director from April 2021. JLL will expand not only with another leadership position but also with the Workplace Solutions service line. In his new role, Balázs will help JLL's customers to make faster and more efficient workplace- and real estate strategy decisions. He will closely cooperate with the teams of Tenant Representation and Project & Development Services.
  • Razvan Botezatu has been named Operations Manager of Romanian real estate developer Nordis Group. He will oversee the development strategy of the company. He has 10 years' worth of experience in the corporate sector. The group develops luxury residential and hotel projects in Bucharest and regional cities.


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