CEE-15 Office Markets in Turbulent Times
Colliers are delighted to present the latest report in the ExCEEding Borders series. In this edition, we review the situation in 15 key office markets in the CEE region: Albania, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine. In the report, we provide comparables for major office market indicators, such as office stock, pipeline, take-up, vacancy rates; we will also provide some medium-term forecasts provided by the local Colliers’ teams. You will also find concise but encompassing accounts of how things are going in each market, as well as providing insights on some of the topics currently impacting the sector. Besides these more customary analyses which are featured in such reports, we also wanted to take a special look at how the age of the buildings and their ESG credentials can influence their relative performance. Consequently, we split indicators such as demand and vacancy based on the age of the buildings, which led us to some interesting conclusions. We hope you find this an interesting read and look forward to discussing the themes covered with you.