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The search for a new office is usually a long process that starts with defining our requirements and restrictions. We then move onto comparing and analysing various offers and options and finally select the best one. Signing the lease and finding subcontractors to set the framework for our workplace design, design the space, deliver our furniture and carry out the fit-out work are important points on the agenda. However, we must not forget a number of other crucial details. Experts from the Office Agency Department at BNP Paribas Real Estate summarise what to keep in mind once the lease is signed.

On 6 November 2018, Property Technology Forum Europe 2018, a conference and networking event for the proptech industry and real estate professionals from all over Europe will be held in Warsaw. Nearly 200 guests will come together in the Polish capital to discuss the future of the real estate industry and to explore the latest innovations in the profession. The mission of the event is to create a common ground for true collaboration between proptech startups, property professionals and occupiers.

Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market has seen a significant rise of 18% year-on-year to a new record high of $1.8 trillion (2017: $1.5 trillion), according to the report of Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.

The competitive advantages and strengths of the CEE region are well known to investors. But new factors have emerged that may play a central role in the medium and long-term. For example, there is a marked shift from cost efficiency to quality and knowledge-based operations across all sectors of the CEE economy. How is the tenant structure in CEE changing? Does growth in the BSS sector show any signs of slowing down? How do the legal and fiscal structures in CEE countries compare to those in Western Europe? All the answers to these and other important questions can be found in this year’s CEE Investment Report 2018: New Frontiers of Growth by Skanska, CBRE, Dentons and PwC.

According to Colliers International’s EMEA Industrial & Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in H1 2018, up from 35% in H2 2017, driven by positive occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU.

A reference kit for an office manager: experts from the Office Agency Department at BNP Paribas Real Estate explain how to plan an office for a small company.

Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle. Strong occupier expansion, low vacancy rates and limited development pipelines have supported a gradual shift in market conditions to favour landlords, resulting in rental growth and stability across the majority of European markets during 2018. This has supported property values and returns, despite yields being at their cyclical peak, a situation likely to continue into 2019. That’s according to Colliers International’s latest Capital Flows Report, released at Expo Real.

A record volume of boutique office space will be delivered in Bucharest by the end of this year, according to ESOP Romania’s press release.

Tri-City is becoming increasingly popular amongst global players looking for optimal location conducive to further business development. Furthermore, the growing business image of the region is contributing to a great deal of interest in office space and boosting developer activity on the local market. JLL estimates that by 2021 the total office stock in the Tri-City area may exceed 1 million sqm.

Land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots with a cumulated surface of over 60 hectares on which around 8,000 dwellings, 180,000 square meters of offices as well as commercial spaces can be developed, according to an analysis of Cushman & Wakefield Echinox.