ARTICLES LABELLED WITH TAG office

Bucharest’s office stock topped 3 million sqm at the end of the first half, with more than 250,000 sqm of new spaces slated for delivery by the end of next year, according to a report by Colliers. 

Cushman & Wakefield will represent the owner of the Kraków office complex in Armii Krajowej Street, a major road of the city, in office leasing processes. The complex offers a total of more than 36,900 sq m of modern office space.

The office market is now at the epicentre of changes caused by the transition to the remote work model due to the COVID-19 pandemic. However, with the epidemic situation improving, organisations have already commenced planning the return of employees to the workplace. The analysis of the findings of a survey of tenants of the office buildings in the portfolio of properties under the management of Cushman & Wakefield Poland reveals how companies are preparing for this change.

In the first half of this year, more office space was leased in the Tri-City and Poznan than in the same period in previous years, says Walter Herz advisory company

Irish startup Nooka Space has installed its first smart proximity office in the garden of Bucharest-based shopping mall ParkLake. 

According to Savills, total modern office space in Prague increased slightly in Q2 2021 to 3.73 million sqm. Although subdued and still challenged by uncertainty, Q2 2021 saw a recovery in new supply as 49,500 sqm was delivered to the market across four new projects. Even though a decline of 57% is still visible in y-o-y comparison, new office supply for the second quarter is 10% above the pre-pandemic quarterly average.

Property developer Atenor says it sold its office project Dacia One in central Bucharest to Pavăl Holding, then owner of Romanian DIY retailer Dedeman. 

Standards that certify a building's resilience to a pandemic are not only useful, but also necessary in the current context, according to 96% of employees surveyed by Romanian developer Genesis Property. 

The office leasing market in Bucharest is gradually recovering and there were deals worth 70,000 sqm that were closed in the second quarter, according to an analysis by real estate consultancy Griffes. 

Piotr Trzciński, Head of Investment – Poland at Savills Investment Management talked to Property Forum about the changes forced by pandemic on the investment market, financing conditions and the long-term strategies of major international players.