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Articles - office market

Budapest Research Forum reports the Q1 2015 office market

The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports the Q1 2015 office market analysis.

LONDON CEMENTS POSITION AS WORLD’S MOST EXPENSIVE OFFICE MARKET

London’s West End is the world’s most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong, according to research published today in Cushman & Wakefield’s annual Office Space Across the World global ranking.

London remains world’s most expensive office market

Three of Five Priciest Markets are in Asia, five of 10 Fastest Growing Occupancy Cost Markets are in U.S. London’s West End remained the world’s highest-priced office market but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.

Energy Dependent Cities See Prime Office Rents Accelerate

Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.

What we need for trust is transparency

Interview with Mr. Csongor Csukás, International Director of Operations at BNP Paribas Real Estate.

Office development possibilities in Zagreb and Belgrade

Zagreb and Belgrade are generally viewed as offering office development possibilities despite being at different points in the development cycle. Belgrade has close to zero vacancy with limited stock while Zagreb has high vacancy and an “overheated” office market. Development opportunities are anticipated with an economic upturn in the Croatian economy in the next 2-3 years.

Bank Centre has had an incredible 2013

Bank Center has had an incredible year in 2013: the occupancy rate has reached 87%, which exceeds the 78% average of the CBD speculative office market stock. Besides the premium location, this result has been achieved by a modern, environment-friendly investment of the management. After a technological upgrade in 2012 a 15% cut in energy costs has been achieved. This means that Bank Centre is one of the most efficient and best value GREEN office buildings in Budapest today.

Spain joins Europe’s only independent Office Search Network

After Austria, Croatia, Hungary, Romania and Serbia the international office search portal is now presenting offices in the Spanish market on www.oficinainfo.es.