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Office investment dominated the first half of 2022, as the most traded asset type in the CEE-15 countries.

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.

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Silviu Pop

Director

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. As of October 2022, he holds the position of Director for Research for the CEE and Romania. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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