In recent months, the Czech industrial property market has recovered from a significant drop. Realised demand has shown a marked increase in the Q2 2024 period, according to a market report published by Colliers.

The surface of an asphalt parking lot has heated up to an average temperature of almost 52°C during a hot summer day. The green area with vegetation in its immediate vicinity has been at the same time up to 22°C cooler. The Slovak developer Corwin has brought this data resulting from a thermal imaging inspection by Terradron. 

The Ukrainian retail market is showing resilience despite objective negative factors (unstable consumer demand, declining purchasing power) and is gradually approaching 2021 levels. In the first half of 2024, the market saw both negative and positive trends. Among the first, CBRE Ukraine analysts mention a drop in the consumer confidence index. According to a study by Info Sapiens, as of the end of June 2024, this indicator in Ukraine decreased by 8 points, reaching 64.5. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

New office projects with a combined leasable area of nearly 64,000 sqm were completed during H1 2024, with the volume soaring almost three-and-a-half times compared to the same period of 2023, according to a BNP Paribas Real Estate report.  

Savills' research has shown a positive growth outlook for the European grocery sector for the coming years. Savills is forecasting stable yields within the field and has noticed an interesting shift in consumers’ preferences.

As climate change progresses, cities are trying to find ways to eliminate overheating of urban areas. They are striving to preserve a pleasant environment for residents and all fauna and flora even in places with dense construction. Blue-green infrastructure building is considered to be a good option. 

The new construction law has taken effect in the Czech Republic since July 1, 2024, and the application problems are multiplying. One of the troublesome areas is digitised permitting management, reports Newstream.cz.

The Regional Research Forum has presented H1 2024 Brno and Ostrava office market data. The vacancy rate in both cities is moving slightly below 12%.

The Realism development group has introduced the concept of so-called unlimited vacation and encourages all members of its team to use as many days off as possible. At the same time, it has adopted a new method of corporate education.

The first half of 2024 has seen CEE investment volumes increase by ca. 29% YoY. According to preliminary results, this is contrary to European and Global results, where activity is still subdued. Given the current conditions, Colliers expect 2024 volumes could reach up to ca. €5.5 billion, around half of the 10-year average, as it has revealed in its latest “H1 2024 Investment Scene” report.