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Q4 2013 office market analysis by BRF

The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, Jones Lang LaSalle and Robertson Hungary) hereby reports the Q4 2013 office market analysis.

MULTICHANNEL AT HEART OF RETAILER STRATEGIES IN 2014

The majority of retailers will increase store openings and seek to create larger experiential stores to drive footfall in 2014 as a direct result of their multichannel strategies, according to a new study by global property advisor CBRE.

Germany is Europe’s next retail ‘hotspot’

The recovering European economy and a rise in net migration into Germany will lead to acceleration in retail sales growth attracting more domestic and international retailers to the country, according to the latest research by global property advisor CBRE. Among the most attractive regions there are 10 British, 5 German and only 1 placed in CEE. In Europe the most attractive location is Istanbul.

EMEA Rents & Yields

Falling yields across all property sectors and a moderate increase in rental values provides further evidence of growing momentum in European commercial property markets. The findings from CBRE’s Q3 2013 survey of prime rents and yields backs up the picture of recovering investment markets across the region, which have benefitted from increased capital targeting the sector and improved investor sentiment.

Occupancy of Office Garden I nearly reached 90%

Office Garden I represented by Robertson Hungary has won a new tenant therefore occupancy of the office building nearly reached 90%. BME- Infokom Innovator Nonprofit Kft., concerned in Research and Development activities has rented the entire second floor of Office Garden I.