My subscription
My Subscription All Publications

CEE office occupier activity past the worst

Despite poor employment prospects, we are cautiously optimistic on the outlook for CEE leasing activity as the economic recovery gets underway. However, large supply pipelines mean that improving occupier demand will not be enough to prevent further rental falls.
Yasemin Engin Property Economist
Continue reading

More from European Commercial Property

European Commercial Property Update

Support from flexible office demand in CEE to wane

Comparatively strong demand from flexible offices has helped the CEE occupier recovery from the pandemic. But a more limited flex pipeline this year means it is not likely to provide much offset to the weakening employment prospects in the region.

9 August 2022

European Commercial Property Update

German office market at a turning point?

German prime office yields jumped in Q2 amid early signs that the weakening economic outlook is weighing heavily on the office market. And while there were strong rental gains in the first half of the year, we think growth will slow as economic headwinds keep a lid on occupier demand and vacancy rates continue to climb.

5 August 2022

European Commercial Property Update

Better transparency provides little respite for yields

While encouraging for the property risk premium, better transparency across Europe is unlikely to provide much support for property yields given the deterioration in the economic and interest rate environment. This is even the case for Emerging European markets, where recent transparency improvements have the most scope to support yields.  

2 August 2022

More from Yasemin Engin

European Commercial Property Update

Paris offices to maintain lead over Lyon

Tighter supply conditions and the expected smaller hit from the shift to remote working mean that we think Paris office rents will continue to outperform Lyon over the next five years.

30 June 2021

European Commercial Property Update

Are green commercial leases the future?

With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental policies, green commercial leases are a promising tool, and widespread adoption seems likely. That said, we don’t expect a significant impact on commercial property performance yet.

In the view of wider interest, we are also sending this publication to clients subscribed to our US and UK Commercial Property Services.

10 June 2021

European Commercial Property Update

Hawkish CEE policy shift to push up property yields

Our expectation for more aggressive monetary tightening in Central and Eastern Europe and the subsequent upward pressure on bond yields mean that we now expect property yields to rise by more from 2023.

7 June 2021
↑ Back to top