ARTICLES LABELLED WITH TAG vacancy

News Office demand in Prague rises by 44% in Q1 2022
03
Jun
2022

Office demand in Prague rises by 44% in Q1 2022

by Property Forum
The demand for office space in Prague increased by 29% quarter-on-quarter for the first quarter of 2021 and by 44% year-on-year. Although the largest transactions of the quarter were lease renegotiations – including Seznam.cz (14,800 sqm) in Palác Křižík in Prague 5 or MSD Czech Republic (6,800 sqm) in Riverview in Prague 5 – the share of newly leased space increased to 58%. The increase in newly leased and pre-leased space indicates confidence and healthy growth of the Prague office market. Despite the fact that leasing activity posted record numbers, the vacancy rate rose by 60 basis points quarter-on-quarter to 8.4%. JLL recorded an increase in vacancy rates in almost all Prague districts, as announced in the last report.
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News Prague’s office market records further rental growth
28
Apr
2022

Prague’s office market records further rental growth

by Property Forum
Prime rent in the first quarter of 2022 increased again and is in the range of €24.00-24.50 per sqm per month in the city centre. In addition to rents, rising construction prices are still reflected in offers of allowances for office build-outs or other incentives. The Prague Research Forum published the office market figures for Q1 2022.
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News Prague’s office market records rental growth
24
Jan
2022

Prague’s office market records rental growth

by Property Forum
Gross take-up on the Prague office market for the whole year of 2021 increased by 16% compared to the previous year to the level of 387,100 sqm. Prime headline rents also increased in Q4 2021 and ranged between €23.50–24.00 per sqm per month in the city centre. The Prague Research Forum published office market figures for Q4 2021.
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News Only one Polish city records office vacancy drop in Q3 2020
19
Nov
2020

Only one Polish city records office vacancy drop in Q3 2020

by Property Forum
According to a report published by Cresa Poland, the vacancy rate on Poznań’s office market stood at 13.3% at the end of Q3 2020, down by 1.2 pp on the second quarter. It is the only office market in Poland to have recorded a quarterly fall in vacancies.
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News 1.2 million of office space remains empty in Poland
05
Nov
2020

1.2 million of office space remains empty in Poland

by Property Forum
During the first nine months of 2020, developers completed over 530,000 sqm of office space in Poland: 231,600 in Warsaw and 305,000 sqm in eight major regional markets (Kraków, Wrocław, Tricity, Poznań, Łódź, Katowice, Lublin and Szczecin). Due to the new supply and moderate demand, more than 1.2 million sqm of office space is now available. Axi Immo presented the latest data for the Polish office market as at the end of the third quarter of 2020.
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News Office vacancy rate expected to grow across CEE capital cities
28
Oct
2020

Office vacancy rate expected to grow across CEE capital cities

by Property Forum
The 12-month rental outlook for both prime and secondary CBD offices is stable in Bucharest and Budapest and negative in Warsaw. In Prague, the outlook is negative for prime assets and stable for secondary assets. The vacancy rate is expected to increase over the coming year in all of the four capital cities. Occupier conditions are currently neutral across the region, with Bucharest and Budapest expected to become tenant markets over the next 12 months, according to Colliers International.
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News Focus achieves zero vacancy in the Czech Republic
17
Dec
2019

Focus achieves zero vacancy in the Czech Republic

by Property Forum
Two retail parks in the Czech portfolio of the Focus Estate Fund end their year with zero vacancy: Most Retail Park (GLA – 6,471 sqm) in the city of Most and Centro Ostrava Retail Park (GLA – 7,699 sqm) in the city of Ostrava.
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News Warsaw office vacancy rate hits five-year low
06
Jun
2018

Warsaw office vacancy rate hits five-year low

by Property Forum
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.
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News Prague office market vacancy rate declines
16
Nov
2017

Prague office market vacancy rate declines

by Import Sys
Although demand slightly decreased on the Prague office market in Q3 2017, the vacancy rate further declined to its current level of 7.7%, JLL reports.
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News Growing demand for industrial space in Poland
11
Sep
2017

Growing demand for industrial space in Poland

by Ákos Budai
Tenant demand for modern logistics and manufacturing space in Poland is growing at a rapid pace. In H1 2017, warehouse supply totalled 707,000 sqm while take-up hit a record high of 1,786,000 sqm, as revealed in Cushman & Wakefield’s latest report.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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