Key regions: United Kingdom, China, Asia, France, Europe
The Commercial Real Estate market in Eastern Europe is experiencing significant growth and development.
Customer preferences: Customers in Eastern Europe are increasingly looking for modern and high-quality commercial real estate properties. They prefer properties that offer a range of amenities and services, such as parking facilities, security measures, and easy access to transportation. Additionally, there is a growing demand for flexible office spaces, as more businesses are adopting remote working policies and require flexible lease terms.
Trends in the market: One of the key trends in the Commercial Real Estate market in Eastern Europe is the increasing investment in the office sector. This is driven by the growth of the technology and outsourcing industries in countries like Poland and Romania, which has led to a higher demand for office spaces. Furthermore, the rise of co-working spaces and serviced offices has also contributed to the growth of the office sector. Another trend in the market is the development of retail properties. With the increasing purchasing power of consumers in Eastern Europe, there is a growing demand for modern and well-designed retail spaces. Shopping malls and retail parks are being developed to cater to this demand, offering a wide range of international and local brands.
Local special circumstances: Eastern Europe has seen an increase in foreign direct investment in recent years, particularly from Western European countries. This has contributed to the growth of the Commercial Real Estate market, as foreign investors are attracted to the relatively lower costs of real estate in Eastern Europe compared to Western Europe. Additionally, the region benefits from its strategic location, as it serves as a gateway between Europe and Asia.
Underlying macroeconomic factors: The Commercial Real Estate market in Eastern Europe is also influenced by several macroeconomic factors. Economic growth in the region has been relatively strong, leading to increased business activity and a higher demand for commercial real estate. Additionally, low interest rates and favorable financing conditions have made it easier for businesses to invest in real estate properties. In conclusion, the Commercial Real Estate market in Eastern Europe is experiencing growth and development driven by customer preferences for modern and high-quality properties, increasing investment in the office sector, and the development of retail properties. The region benefits from foreign direct investment and favorable macroeconomic factors, which contribute to the overall growth of the market.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
