MIGSO-PCUBED’s Post

Let's dive deep into the office figures in the Romanian capital for Q1, reported by CBRE 📊 The modern office inventory in Bucharest totals 3.41 million square meters, but what else do we witness? #LionsHead #RealEstate #CommercialRealEstate #Romania

It was my pleasure to set the scene and to moderate the Future of Offices panel at the EBRD HQ in London organised by ENTRALON Club. According to the latest MSCI Index there is still a gap between asking price and offerings, of 40 % for Offices, in some European Capitals like Amsterdam or Berlin, before the transaction market becomes liquid again. Yet the panelists believe that CEE might be less impacted on the necessary value correction (as for example London is at 20 %). Hence the challenge is to find tools to protect the value over the next 18 months and beyond, without huge CAPEX. Here are some key take aways; ✅ Operational Excellence Steady and continuous tenant communication to serve on changing clients’ needs is a must. ✅ Tenant Relationship Green lease (to the best effort) was yesterday  Value proposition must be tangible to gain trust and increase retention. ✅ Space as a Service Core flex leasing strategy aligned with flex Office Operator leads to 30 % better conversion from Leads to Deals. ✅ ESG It is not about gathering a premium on the value it is a necessity to preserve the value in the future. ✅ “Sustainability” implicates that there is no such thing than “too expensive” for measures which leading to reduced OPEX. ✅ Occupancy is not existing in the Glossary of ESG, the point is that leased space also need to be frequently used and activated to prevent sufficient traffic for the sake of a healthy amenities Ecco system. f you want to get the presentation ping me please, hubert.abt@newworkoffices.com. Thanks to my Co Panelists; #GergelyKoós-Hutás, #ArkadiuszRudzki. #MagdalenaBartkiewicz-Podoba #ViljarArakas, #KlajdHasimi and the organizer Organizer: @SvetlanaFedosova ENTRALON Club

Happy International Coworking Day! Let’s celebrate the wonder of collaboration and the incredible achievements that come from connecting and inspiring one another. We believe that teamwork and shared ideas drive success. Here’s to the power of coworking and the success it brings!  #PBCA #InternationalCoworkingDay #Teamwork #BusinessCoaching

Since the COVID-19 pandemic, the role of the office has drastically changed, forcing the real estate industry to reassess and adapt to the new demands of today's office tenants. 🔹 Etienne Huret, CEO - Portugal of Natixis Corporate & Investment Banking, sees great value in this evolution of the office space, particularly from the perspective of an end-user. With an employee count of 2,500, Natixis’ office holds just 1,200 seats, promoting a hybrid form of work with employees coming to the office just one day a week. So, how must offices adapt in order to cater to this new work culture? In an exclusive interview with Gustavo Favaron, CEO & Managing Partner of GRI Club, during Portugal GRI 2024, Etienne explains the need to ask: “What is better to do at home when you are focused? And what are the activities for which there is really an added-value to be all together? Those activities include creative thinking, innovation, and collaborative tasks, and therefore, these are the activities which the office must cater to. This involves an entirely different design to the traditional office. “We need to think differently,” says Etienne, “and so we created a concept of villages.” 🔗 Watch the full interview with Etienne Huret here: https://lnkd.in/dHFHTrxG #griclub #realestate #offices #hybridwork #officetenants

European office take-up rose by 2% year on year (YoY) to 1.7m sq m during Q1 2024; however, this remains 11% below the pre-pandemic five-year Q1 average. Southern Europe performed strongly, with Lisbon (+82%), Barcelona (+20%), Milan (+9%) and Madrid (+6%) all above the pre-pandemic five-year Q1 average. For the full year 2024, we expect take-up to remain in line with 2023 at circa 7m sq m. See more:

📊 We're thrilled to announce the release of our report on the Greek Office Market for Q1 2024 by Delfi Analytics team, offering comprehensive insights, including inventory, prime rents, yields, and vacancy rates. Greece's economy showed strong growth in the first quarter of 2024, outpacing the eurozone average, while the Greek office market presents a mixed picture. Although interest in modern, sustainable spaces is growing among local and international businesses, the market is still characterized by smaller transactions. 📍 Dive into the latest trends that shape the dynamic landscape of Greece's market. Download now our free report for more insights: https://lnkd.in/dFdfQjJC

Just Launched - Colliers Ireland Q4 2023 Office Report Office take-up in the Dublin market reached 346,889 sq. ft. across 40 deals in Q4 2023, bringing annual take-up to 1.4 million sq. ft. This is just over half of the ten-year average, reflecting a more challenging market characterised by global economic uncertainty and structural changes which impacted occupier confidence and delayed decision-making. Read the full report here - https://ow.ly/s3w550QBJpY

Did you know that 76% of UK businesses are on the hunt for new workspaces? From flexible coworking spots to serviced offices, the way we work is evolving fast. Discover why businesses are shifting and what it means for property investment and the buy-to-let market. 🏢💼 Click the link below read the full article 📲 https://zurl.co/IEWa

Some interesting trends and analysis of the office market in terms of key locations and sub markets, access to public transport, deal size, occupier demand for fitted space and performance of key sectors (tech) for 2024 from my colleague Aisling Tannam Ronan Corbett Patrick Kiersey Karl Byrne Harry Oppermann Brian Moran Cushman & Wakefield Ireland #cushwake #whatsnext #lifeiswhatwemakeit

The moving dynamics of commercial office space post #covid has been volatile at best. We have made changes to work weeks, hours per day and other adjustments where we work more like a mall with heavy days and light days with mixed #remote workers and in office requirements. The #hybridoffice is the new norm. The importance is having a #janitorial company that can adjust to the needs of the facility and gives options to their clients. Red Coats, Inc. continues to work across our client base to give those solutions. #janitorialservice #commercialcleaning #redcoats You can read about how commercial office buildings are changing on BOMA International with the CEO of Work Dynamics Dr. Sanjay Rishi How Commercial Real Estate is Transforming the Hybrid Workspace (boma.org) under the knowledge center.