ARTICLES LABELLED WITH TAG office

Even though the volume of commercial real estate delivered to the market in 2024 was below average, the Czech market did not freeze and maintained its activity. This was mainly thanks to the Czech capital, according to Colliers' experts, and this trend will continue in 2025.

Total office demand in Budapest rose by 8% year-on-year to 502,150 sqm during 2024, according to data from the Budapest Research Forum (BRF). 

For Ghelamco, 2024 was marked by the sale of the Warsaw UNIT office building. The developer also commissioned and fully commercialized Warsaw’s VIBE office building, announced new real estate projects in the capital and Gdynia, and reported satisfactory sales results in the residential segment. For this year, Ghelamco has announced more office and residential developments, as well as completion of its flagship project in Warsaw: the 174-meter skyscraper The Bridge in the city centre. 

In the upcoming years, administrative institutions and state-owned companies in Poland will actively influence the evolution of the national office market—not only through leasing office space. The State Treasury will play a significant role as a key player in the investment sphere by modernizing, acquiring, selling, and constructing office properties for its own needs. In the upcoming years, administrative institutions and state-owned companies will actively influence the evolution of the national office market - not only through leasing office space. The State Treasury will play a significant role as a key player in the investment sphere by modernizing, acquiring, selling, and constructing office properties for its own needs, claims Watler Herz.

The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in Warsaw for Q4 2024. At the end of December 2024, total modern office stock in Warsaw accounted for over 6,293,000 sqm.

Immocap is starting the first works on a plot of land in downtown Bratislava, between Bottova and Landererova streets. The developer is preparing the plot of land to become home to a new energy-efficient office building, a designer residence, and an urban forest. 

The international investment fund Indotek Group has sold the Bokserska Office Center office building in Warsaw. The buyer is Enter Air, a Polish charter airline, which plans to move its headquarters to the purchased building. The price has not been revealed. 

Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes. 

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.