The amount of office space currently under development in Prague is higher than ever. 136,000 sqm was completed in 2017 and an additional 165,000 sqm of modern office space should be delivered to the market in 2018. This is the highest development rate since 2008. Despite that, the vacancy rate has dropped to a record low of 6.2 per cent. This is a year-on-year decrease of more than 3 percentage points. This should change, however, with seven new office buildings due to be completed this year, according to Cushman & Wakefield.

It can’t be repeated often enough that technology is changing the game in real estate. Proptechs are disrupting the status quo and those who aren’t already thinking about what users are going to need in the future will get left behind. Property Forum presents 5 key statements from the first day of MIPIM PropTech Europe in Paris.

New research released on the opening day of MIPIM PropTech Europe in Paris suggests that real estate companies need to do more to embrace opportunities presented by new technology.

19 % of all existing shopping centres in the Czech Republic have been refurbished to date. Further revitalizations are yet to be completed, according to Cushman & Wakefield.

Romania ranks 6th in the top destinations in the data centres market in Europe, while the Nordics and the Netherlands occupy the first positions, according to Savills’ new Data Centre Investment Index. The number of data centres is multiplying to accommodate the surging demand for data storage. Thus, the need to have smaller scale domestic facilities to comply with data and privacy laws is set to lead to an uptick in activity across all of Europe.

Technology is changing the world of property all over the world. Here are our 10 key takeaways from PropTech360, Israel’s first global real estate and technology summit, hosted in Jerusalem last week.

In Q1 2018, Poland’s total warehouse and industrial stock amounted to more than 14.15 million sqm and another 1.90 million sqm was under construction, the largest quarterly development pipeline on record. Central Poland was the leading regional market, accounting for more than half of new supply and most of the leasing transaction volume.

Poznań is constantly evolving. This is mirrored by the excellent results recorded on the city’s office market. New thriving companies are establishing operations in Poznań while firms already present in the city are expanding their business. All of these factors are boosting demand in Poznań for modern office space, according to JLL.

The valuation department of the Cushman & Wakefield Echinox has evaluated over 700 properties in 2017 with a cumulative value of €3.1 billion, while estimating an increase of 33% of the valuation volume, to the level of €4 billion during this year.

In Q1 2018, Warsaw’s vacancy rate fell to its lowest in five years while absorption amounted to 45,000 sqm, down by nearly 30% on the average observed over the last five years, according to Cresa.