Invest, Finance & Value
Capital Markets
Gain proactive insights and strategies that unlock value, drive returns and enhance outcomes for your real estate investments in all geographies and across all asset classes.
Investment Properties
As the world leader in the acquisition and disposal of income-producing properties for third-party owners and corporate occupiers, we use deep market intelligence, transaction expertise, trusted relationships and seamless execution to anticipate trends, command capital and maximise returns.Debt & Structured Finance
We create innovative options for any capital requirement using extensive transaction insights, robust lender relationships and proprietary technology.Investment Banking
2023 SEE Real Estate Market Outlook
CBRE Research experts share their views on what’s in store for the SEE region economy, office, industrial, retail and capital markets for 2023 and beyond.
Property Types
Our Leadership Team
Related Insights
-
Lower activity in the office segment was already visible in the 2023 delivery figures as annual completion volume fell to 506,000 sq m in CEE-5 capitals and 986,000 sq m in total CEE region (including Baltics-3 and SEE-4). Office development pipeline continues to be moderate, with many office developments stuck in planning stage. Take-up volume remained stable in CEE-5 capitals but individual markets differ a lot. As the wave of construction recedes, vacancy stabilizes or even decreases in some cities: the vacancy rate in Prague and Warsaw decreased by the end of 2023 (y/y), while in other capitals the rate moved out. Asking rents (for currently available office spaces) in the region stands between 14.0 and 16.4 EUR/sq m pm in the region, Warsaw is the leader with 16.4 EUR/sq m pm, followed by Prague with 16.0 EUR/sq m pm.
-
The gradual slowdown of the residential sector in Belgrade, which started earlier in 2023, has continued until the end of the year, illustrated by a drop of the number of transacted apartments, However, construction activity remained strong until the end of the year, with the number of issued construction permits for apartments in Belgrade still demonstrating positive indicators.