Although the vacancy rate for Prague offices has been falling, construction activity has intensified during Q2 2025, with four projects launched, according to a survey by Colliers.

Nepi Rockcastle, Europe’s third-largest listed retail real estate company by portfolio value, reported a 12.1% year-on-year increase in net operating income (NOI) in the first half of 2025, reaching €307 million. The company’s investment property portfolio exceeded €8 billion for the first time in its history, supported by acquisitions completed in 2024 and active asset management. Vacancy remained low at 1.6%.

In the first half of 2025, Poland’s industrial and logistics real estate market maintained steady growth. Total stock increased by 7% year-on-year to 36.03 million sqm, despite a decline in new supply (1.15 million sqm; -30% YoY) and lower developer activity on new construction starts (1.47 million sqm; -26% YoY). Lease renegotiations rose, pushing gross take-up to 2.95 million sqm (+10% YoY). Rental rates remained stable across most regional markets. Despite macroeconomic uncertainty, the sector continues to attract investors, supported by solid fundamentals and visible acquisition activity. Axi Immo presents these findings in its latest report, “Industrial and logistics market in Poland H1 2025.

The establishment of a new state office or the relocation of an existing one to new premises usually attracts the attention of journalists and the real estate market. The establishment of the Slovak Ministry of Tourism and Sports was no exception, reports sme.sk. The fact is that no state office today pays more for a square meter of office space.

Abandoned industrial areas and railway stations in Prague are being transformed into modern districts for tens of thousands of residents. These are the five largest projects under construction in the metropolis, reports seznamzpravy.cz.

Savills has published its latest report on the Polish industrial and logistics market, confirming growing interest from both investors and tenants in the first half of 2025. Warsaw and the surrounding areas have now exceeded 7 million sqm of modern space, strengthening their role as a key logistics hub in Central Europe.

Looking at the Czech industrial real estate market in Q2 2025, it is clear that the market has not yet fully recovered from the downturn of last year, according to a regular quarterly survey conducted by Colliers. Gross realised demand has fallen 34% below the five-year average. On the other side, growth in the vacancy rate is positive news for tenants. 

July surprised with strong volumes, as well as the number of new mortgages, according to data from the CBA (Czech Banking Association) Hypomonitor, which captures data from all Czech banks and building societies providing mortgage loans. In July 2025, they provided new mortgages for CZK 30 billion (€1.225 billion).

Despite the escalation on the front lines and increased shelling of civilian infrastructure in peaceful cities since the beginning of summer, the Ukrainian construction market has seen an increase in the number of new projects launched and completed in the first half of the year. The Ukrainian Real Estate Club has summarised the situation for Property Forum.

96% of European logistics tenants are planning to expand their capacity in the next 12 months, to a greater or equal extent than in the past year, according to the latest CBRE survey.