ARTICLES LABELLED WITH TAG RICS Commercial Property Monitor

News Gradual recovery seen by RICS in commercial real estate sentiment
07
May
2024

Gradual recovery seen by RICS in commercial real estate sentiment

by Property Forum
The headline RICS Global Commercial Property Sentiment Index (CPSI) for Q1 2024 stands at -10 which is the least downbeat reading since Q2 2022. In addition, the less negative tone across the aggregate results is coming through both on the occupier and investor sides of the market.
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News Romania stands out in CEE when it comes to market sentiment
27
Apr
2023

Romania stands out in CEE when it comes to market sentiment

by Property Forum
CEE, much like the wider European market, continues to experience subdued market sentiment, while Romania remains a positive light in the region, the RICS Commercial Property Monitor for Q1 2023 reveals.
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News Is office space still essential? Only 64% of professionals think so
07
Feb
2022

Is office space still essential? Only 64% of professionals think so

by Ákos Budai
A large share of real estate professionals globally no longer view office space as being essential for a company to operate successfully. At the same time, increasing demand for flexible workplaces is evident and office space is being repurposed for other uses more and more frequently, according to the RICS Global Commercial Property Monitor for Q4 2021.
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News Investment demand in Europe picks up alongside capital value expectations
03
Feb
2022

Investment demand in Europe picks up alongside capital value expectations

by Property Forum
The Q4 2021 results of the RICS Global Commercial Property Monitor indicate a continued improvement in market sentiment across Europe compared to the previous quarters, with progress particularly evident on the investment side of the market. That said, conditions remain polarised at the sector level, with the latest feedback still signalling a challenging set of circumstances for retail while industrials continue to post robust expectations for the twelve months ahead.
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News Poland to register quickest revenue recovery among CEE countries
30
May
2021

Poland to register quickest revenue recovery among CEE countries

by Ákos Budai
Commercial property is viewed as having below-average risk levels in most CEE countries. Revenues from different asset classes are expected to recover to pre-COVID levels most rapidly in Poland, according to the RICS Global Commercial Property Monitor for Q1 2021.
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News Have we reached the bottom of the property cycle?
29
Apr
2021

Have we reached the bottom of the property cycle?

by Property Forum
The Q1 2021 results of the RICS Global Commercial Property Monitor indicate a slightly less negative market sentiment across Europe compared to the previous quarter. Rental growth expectations remain negative within the office and retail sectors across all European nations covered, while the outlook for industrial markets has never been more positive.
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News RICS survey predicts sharp pull-back in retail and office rents
25
Feb
2021

RICS survey predicts sharp pull-back in retail and office rents

by Ákos Budai
The Q4 2020 results of the RICS Global Commercial Property Monitor continue to point to a challenging backdrop across Europe. Both the office and retail sectors remain under significant pressure, with demand still falling sharply amid the difficult economic climate induced by the pandemic. On a brighter note, supported by structural tailwinds, the industrial sector continues to defy this downbeat overall assessment, prompting respondents to upgrade expectations for rental and capital value growth.
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News Czechs remain the most optimistic as forecasts are downgraded across CEE
05
May
2020

Czechs remain the most optimistic as forecasts are downgraded across CEE

by Ákos Budai
The ongoing COVID-19 outbreak seems to be having a severely negative impact on market sentiment across the CEE region, according to the latest RICS Commercial Property Monitor. Q1 2020 figures show that both rental and capital value expectations have been downgraded across the region with retail expected to see the sharpest decline and industrial proving to be the most resilient asset class.
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News Retail continues to suffer across CEE but the overall outlook is still positive
24
Feb
2020

Retail continues to suffer across CEE but the overall outlook is still positive

by Property Forum
According to the latest RICS Commercial Property Monitor, occupier and investment sentiment remains mostly positive across main CEE markets with the exception of Bulgaria where the outlook is slightly negative. Retail continues to suffer across the region as demand for retail assets fell on both the occupier and investment sides of the market in most countries.
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News Stable but not bullish – Austrian property market on a different path than CEE
11
Sep
2019

Stable but not bullish – Austrian property market on a different path than CEE

by Ákos Budai
According to the latest RICS Commercial Property Monitor, CEE countries – most notably the Czech Republic, Hungary and Romania – are still global leaders in occupier and investment sentiment. The Central European region’s most mature market, Austria is on a different path, however, with respondents reporting a broadly flat outlook.
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Latest news


New leases

  • The Unisono chain has joined the ranks of tenants at Designer Outlet Sosnowiec (southern Poland). The women's clothing brand will occupy 115 sq m of space in the facility.
  • Borg Automotive Group will move into new premises at HI Piotrkowska office building in Łódź in February 2025. It will occupy approximately 300 sqm. Brookfield Partners supported the tenant in the negotiation process.
  • TK Maxx shop will be opened at Ferio Konin (central Poland). The brand will occupy 2,000 sqm of space in the extended part of the shopping centre.

New appointments

  • Agnieszka Słomka-Gołębiowska has resigned from her position as a member of the Supervisory Board and chair of the Audit Committee of Ghelamco Invest. The position of member of Ghelamco's Supervisory Board will be filled by Lidia Jabłonowska-Luby. An existing member of the Audit Committee, Jarosław Myjak, was also appointed to act as chairman of the Audit Committee.
  • MLP Group is from now on working with a smaller board of directors. Monika Dobosz has resigned from her position. She had served on the company's board since July 2022, when she was appointed to the board together with Agnieszka Góźdź.
  • After almost eight years at the helm of Savills IM's Polish office, Piotr Trzcinski is leaving the firm. He joined Savills IM in 2017.

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