Rodina LIVING



No office building completed in the first quarter in Bratislava
Half year ago,

No office building completed in the first quarter in Bratislava

In the first quarter of 2018, the overall offer of office space in Bratislava reached almost 1.72 million square metres. The vacancy rate slightly decreased to 5.99 percent from 6.18 percent in the previous quarter. The lowest vacancy rate was in the Bratislava V district (3.22 percent), the highest in the Bratislava IV district (9.05 percent), the Slovak branch of the real estate services firm Cushman & Wakefield reported on April 20 as cited by the SITA newswire.

 

The highest rental rates applied to new office units with the highest standards in prime locations in Bratislava (prime rent). It increased from €16 per square metre to €17 per square metre per month.

 

Transactions concluded during the first quarter of 2018 reached 27,000 square metres, which represents a 68 percent decrease in transactions compared to the previous quarter.

 

New rents in this quarter accounted for 32 percent of all transactions, pre-rent accounted for 31 percent, rent renegotiation accounted for 24 percent of all transactions and 13 percent concerned expansion.

 

No office building was completed during the first quarter of 2018 in Bratislava. But next quarter office projects Blumental Offices II, Einsteinova Offices and Westend Plazza are expected to be completed. They will offer more than 64,000 square meters of modern office space.

 

Source: Sme


More articles

Arch Award goes to Nádvorie in Trnava by Vallo Sadovsky Architects

Arch Award goes to Nádvorie in Trnava by Vallo Sadovsky Architects
3 days ago

The prestigious architecture award Arch went to the Vallo Sadovsky Architects studio for the Nádvorie (Courtyard) project in Trnava involving reconstruction and extension of a set of historical buildings in the city centre.

Derelict skeleton of unfinished shopping centre in Nitra will be completed

Derelict skeleton of unfinished shopping centre in Nitra will be completed
1 week ago

After more than a 10 year break, construction work on the derelict skeleton of an unfinished shopping centre in Nitra will resume. The developer Living Park will rebuild it into a complex named Promenáda Living Park, combining shopping with housing. It has already obtained a construction permit, the SITA newswire reported.

Bratislava’s Aupark shopping centre plans to add a new block

Bratislava’s Aupark shopping centre plans to add a new block
2 weeks ago

Aupark, one of the first modern shopping centres in Bratislava, is to extend its premises. A new block, for which it has already obtained permissions, should add a new parking lot as well as extension of the retail area, the Trend weekly informs on its website dedicated to real estate.

Green buildings make up almost one quarter of new real estate in Slovakia

Green buildings make up almost one quarter of new real estate in Slovakia
3 weeks ago

The construction industry is a huge consumer of energy and generator of greenhouse gases. Thus, it is important to pursue green building to reduce these negative impacts. In Slovakia, green buildings and ecological construction make up 20-25 percent of all newly built real estate commented Martin Pribila, an expert in construction and green building in the discussion programme Tablet TV, hosted by the TASR newswire.

Slovakia ranks 39th in terms of investment in the global property market

Slovakia ranks 39th in terms of investment in the global property market
1 month ago

Despite geopolitical uncertainty and a slow down in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion, up from $1.5 trillion in 2017. Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital, came to this conclusion in their latest report.

The offer of new apartments in Bratislava is the lowest since 2016

The offer of new apartments in Bratislava is the lowest since 2016
1 month ago

Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.

 Austrian investor opens a new retail park in Liptov

Austrian investor opens a new retail park in Liptov
1 month ago

The Austrian company Soravia has opened a new retail zone in Liptovský Mikuláš in northern Slovakia, the Retail Park Liptovský Mikuláš. It is 9,000 square metres and is the first investment by the Austrian developer outside Bratislava. The investment totalling €22 million has created 100 jobs so far.