three-quarters of respondents regarded work-life integration as the most
important factor when choosing an organisation to work for, while salary,
leadership development opportunities and location were also considered key to
workplace satisfaction. Office design and facilities were less important - only
37% of respondents said these factors were very important - while a mere 18%
considered an office’s sustainability and “green credentials” to be a
significant characteristic of a modern office. Still, one-third of
professionals in Central and Eastern Europe believe their workplace will change
over the next 2-3 years.
“Co-working proved popular among respondents, particularly those
based in capital cities. Over a quarter of those surveyed agreed that working
in a co-working/flexible space was appealing, with a further 40% agreeing
slightly. Breaking this down by geography, it was found that 36% of capital
city centre-located respondents strongly agreed with co-working. Only 4%
strongly disagreed.”- commented Mark Robinson, CEE Research Specialist at
Agile working, including
working from home, is growing in use across the region. 49% of professionals
said that agile working was available to them and used at least some of the
time, and 57% indicated the same for working from home.
“During the course of our occupier representation we noted that the employers’
top priority is supporting their existing and future employee’s aims which
result in organizations investing more in their office environment as well. The
most recent Randstad Employer Brand survey results for Hungary also verifies
the above findings as 64% of the employees consider work atmosphere when choosing
their employer. This outcome increased by 20% from 2016 to 2018.” - added Kata Mazsaroff, Director of Occupier
Services at Colliers International Hungary.
Consequences for CEE office real estate
survey suggests that transformations are coming to the office sector in CEE. Tenants
may seek more flexible, perhaps shorter term, tenancy arrangements, however strong
economies in the region have seen vacancy rates fall and some negotiating power
perhaps flowing back to landlords and managers.
trends may already be encouraging developers and landlords in CEE to consider
shared workplace solutions within their office buildings and may see developers
tackle more well-located brownfield sites.
“As for the physical characteristics of office,
location is king – more than half of the respondents have seen this as a very
important factor. Since well-located plots for office development are scarce,
we expect brownfield sites to become more interesting investment opportunities.” – said Gábor Czike, Head of Real Estate at CMS Budapest.
The complete “CEE Office Real Estate
Compass: Is your workplace Millennial-ready?” study can be read by clicking here.
Colliers International, CMS