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2017 witnessed robust leasing activity that was driven largely by the financial services sector, which amid moderate supply pushed Warsaw’s office vacancy rate down to 11.7%, the lowest since Q3 2013. Cushman & Wakefield presented an overview of the Warsaw office market for 2017.

The Polish Office Research Forum has published its figures for 2017 for the office market in eight major regional cities in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.

The Warsaw office market recorded the second highest demand in the market's history along with record-breaking net absorption. This perfectly summarizes the sentiments on the city's office market. Furthermore, expectations for 2018 remain highly favourable, JLL reports.

2017 was a record breaking year for the Bulgarian office market with almost 200,000 sqm take-up in Sofia. The investment volume has also been the strongest ever with €1 billion invested in commercial property (land acquisitions included) from which income generating assets hold €870 million. Cushman & Wakefield Forton summarised 2017 on the Bulgarian office, retail and industrial markets.

At ca. €12.98 billion, 2017 recorded a 3.3% increase over 2016 (€12.56 billion) and, for the second year running, set a new record transaction volume for the CEE region. JLL has registered continued appetite from investors for the full range of assets across the entire region.

The total investment volume in Slovakia for 2017 was recorded at just under €525 million, with more than two thirds being closed in the second half of the year. The volume is below JLL‘s €600 million estimation as several deals did not close before the year end and will slip into 2018.

Demand for flexible workspace across the world saw record growth in 2017, according to the latest research from Cushman & Wakefield. The firm’s Co-working 2018 report reveals the extent to which the sector has evolved and matured with the UK leading the way globally.

2017 was a year of dynamic growth on Romania’s real estate market and the stage is set for 2018 to bring just as strong results. Silviu Pop, Head of Research at Colliers International Romania put together 10 predictions for the Romanian market in 2018.

Total take-up on the Bratislava office market reached 84,000 sqm in Q4 2017, having tripled compared to the previous quarter. The vacancy rate continued to decline and reached 6.18%. The Bratislava Research Forum published its office market statistics for Q4 2017.

In 2017, investments in the Czech Republic totalled €3,274 million as indicated by a Cushman & Wakefield report. Contrary to expectations, they declined only slightly compared with 2016, which was a record year. The biggest transactions in 2017 included the sale of Olympia Brno, the CBRE GI portfolio (Nisa Liberec, Zlatý Anděl and Olympia Plzeň), Metropole Zličín and of the Letňany shopping centre.