ARTICLES LABELLED WITH TAG report

Gross take-up on the Romanian industrial market grew by 54% in H1 2017, compared with the same period of 2016, to 350,000 sqm. According to JLL Romania, the total demand for industrial space reached 180,000 sqm in the second quarter, a comparable level with the one registered in the first quarter of this year.

Net take-up on the Czech industrial market in Q2 2017 totalled 231,200 sqm, representing a yearly decrease of 11%. The vacancy rate reached 4.1%, having decreased marginally by 6 bps since Q1 2017. The Industrial Research Forum announced the industrial market figures for Q2 2017. 

Investor appetite on the Polish real estate market in Q2 2017 has translated into high transaction volumes which stood at approximately €1 billion. The retail sector accounted for 80% market share of capital invested in Q2, mainly resulting from large portfolio acquisitions. If pending deals conclude, the year-end result should be close to €4.2-4.4 billion, which would be similar to the record of 2016.

Over 722,200 sqm of office space is currently under construction across Warsaw, but despite such a high level of new supply, the market remains healthy which is proved by a decreasing vacancy rate and a record high letting activity in H1 2017. Savills summarised the first half of the year on Warsaw’s office market.

Gross take-up on the Prague office market in the second quarter of 2017 amounted to 153,500 sqm, representing an increase of 45.0% compared to the previous quarter and an increase of 36.9% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q2 2017. 

The office market in Warsaw broke another record – total demand for office space in H1 2017 was 391,400 sqm. Wola continues to grow in terms of both popularity and significance. JLL summarised H1 2017 on the office market in Warsaw. 

Total real estate investment in Europe reached €74 billion in Q2 2017, representing a 25% increase on the same period last year, according to CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.

7 million citizens of the CEE-6 countries reside in Western Europe and the return of even a relatively small portion of these would boost regional GDP, stimulating the development of real estate markets, says Colliers International in its latest research report "Labour Force Boomerang"

The vacancy rate on the Warsaw office market reached 13.9% at the end of June, with gross take up in H1 2017 nearly reaching 400,000 sqm. The Polish Office Research Forum has published its figures for Q2 2017 for the office market in Warsaw. 

Construction cranes are a common sight when walking around Budapest, marking the rapid property development taking place. Soon, scores of office buildings will appear out of nowhere. The changes are especially dramatic on Váci Road. Just a few minutes’ walk north of the metro station on Dózsa György Road there are three adjacent construction sites. But there are developments in progress all over the city, paving the way for new business centres.