ARTICLES LABELLED WITH TAG vacancy

News Stronger demand, lower vacancy – What’s driving Kyiv’s office market?
16
Feb
2024

Stronger demand, lower vacancy – What’s driving Kyiv’s office market?

by Property Forum
Despite the not-very-encouraging forecasts made by experts at the end of 2022, the office market in the Kyiv region in 2023 demonstrated stability and strengthening demand. Iryna Nastych talked to market experts and summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum  
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News Office vacancy increases again in Budapest in Q4 2023
22
Jan
2024

Office vacancy increases again in Budapest in Q4 2023

by Property Forum
Total demand in 2023 amounted to 464,570 sqm, while net take-up reached 238,250 sqm in the same period. Total demand increased by 19%, while net take-up showed a 21% growth compared to 2022, the Budapest Research Forum (BRF) reports.
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News Industrial stock and vacancy rise sharply in Hungary in Q3 2023
19
Oct
2023

Industrial stock and vacancy rise sharply in Hungary in Q3 2023

by Property Forum
In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.
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News Polish retail vacancy rates fall
21
Sep
2023

Polish retail vacancy rates fall

by Property Forum
According to the latest data from Cushman & Wakefield, the average retail vacancy rate in Poland’s largest cities currently stands at 3.5%, down by 1.2 pp year-on-year. More importantly, falls were recorded in six out of the eight largest cities, with the availability of retail space at the lowest in Kraków, Łódź and Szczecin. This suggests a gradual retail recovery in Poland, says Cushman & Wakefield. Meanwhile, as the market continues to stabilize, retail landlords should increasingly turn their focus onto diversifying their offer.
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News Industrial stock and vacancy on the rise in Hungary in Q2 2023.
24
Jul
2023

Industrial stock and vacancy on the rise in Hungary in Q2 2023.

by Property Forum
In Q2 2023, the Greater Budapest speculative industrial stock increased by 65,580 sqm, adding six buildings to the stock, while in Regional Hungary, one new building was handed over. The vacancy rate at the end of Q2 2023 was 8.6% in Greater Budapest, an increase of 270 basis points quarter-on-quarter and an increase of 220 basis points year-on-year, the Budapest Research Forum (BRF) reports.
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News Office vacancy rises again in Budapest in Q2 2023
17
Jul
2023

Office vacancy rises again in Budapest in Q2 2023

by Property Forum
The vacancy rate has climbed again in the second quarter on Budapest's struggling office market, reaching 12.6% after 12.2% in the previous quarter. Total demand reached 119,890 sqm in Q2 2023, which is 56% higher than the value registered in the previous quarter, the Budapest Research Forum reports.
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News European office markets find stability despite global headwinds
12
Jun
2023

European office markets find stability despite global headwinds

by Property Forum
Colliers’ latest report finds that varying return-to-office approaches post-COVID, underlying fundamentals of city functionality, approaches towards ESG-compliance differences and how markets have reacted to shifts in inflation and interest rates have created a significant divergence in office investment volumes, pricing, and appetite globally. In Europe, vacancy sits at a steady 8.1% and office occupancy rates have returned mainly to pre-pandemic levels of 65% on average across Europe.
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News Industrial stock rises sharply in Hungary in 2022
27
Jan
2023

Industrial stock rises sharply in Hungary in 2022

by Property Forum
In 2022, a total of 333,210 sqm of new industrial/logistics space was added to the Greater Budapest stock, the Budapest Research Forum reports.
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News Romanian office stock at 4.3 million sqm in H1 2022
08
Aug
2022

Romanian office stock at 4.3 million sqm in H1 2022

by Property Forum
The modern office stock in Romania has reached 4.3 million sqm at the end of the first semester of 2022, with another 335,300 sqm slated for delivery by the end of 2023, according to real estate consultancy CBRE. 
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News Office vacancy reaches 9.9% in Budapest
25
Jul
2022

Office vacancy reaches 9.9% in Budapest

by Property Forum
The lowest vacancy was registered in North Buda with a 4.4% rate, whereas the highest rate remained in the Periphery submarket (31.4%). Net absorption has remained positive by the end of the second quarter, amounting to 33,720 sqm, Budapest Research Forum (BRF) reports.
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Latest news


New leases

  • Hungarian startup Colossyan has leased 1,000 sqm at Academia Offices, in Budapest, at the end of May. The office project was opened six months ago and has already reached an occupancy rate of 80%.
  • PGD Sp. z o.o., a distributor of products for bakeries, confectioneries and ice-cream parlours, has leased approx. 2,000 sqm of production and warehouse space in Waimea Airport Logistics Park Szczecin-Goleniów investment. Axi Immo was the agent representing the tenant in negotiating and selecting a new location.
  • Tetra Pak, a global player in food processing and packaging industry, has leased approximately 1,200 sqm of space in Lakeside in Warsaw. JLL Poland is responsible for the exclusive commercialisation of the building, owned by Atenor.

New appointments

  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.
  • Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. She joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Research departments. Lupașcu has more than 20 years’ worth of experience in media and real estate.
  • Karolina Kunciak, an expert with experience in retail consultancy, has joined CBRE Poland. She will be responsible for high streets.

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