Sales of apartments in new buildings in Bratislava increased by almost 60 percent in the fourth quarter of 2023. This results from the data of the technology startup BuiltMind, which deals with data monitoring of the real estate market.
The hybrid way of working is changing the commercial property rental market. WOOD Real Estate is responding to the changing demands by launching its own concept of furnished offices called ZONE. The innovative space close to the city centre, divided into zones, offers a high degree of flexibility in terms of office space supply and lease terms. Since September, it has been available mainly to smaller companies, independent teams and professionals in the BBC5 building on Plynárenska Street in Bratislava.
The hybrid way of working is changing the commercial real estate rental market. WOOD Real Estate responds to changes in requirements by introducing its own concept of furnished offices called ZONE. The innovative space near the center, divided into zones, offers a high degree of flexibility in terms of both the offer of office space and the terms of the lease. Since September, it has been available mainly to smaller companies, independent teams and professionals in the BBC5 building on Plynárenská street in Bratislava.
The offices of the Prague company Livesport were designed by architects as a digital playground where employees improve their skills and train team tactics every day. Is it actually an office with all the office digital gadgets in a gym… or the other way around?
The Slovak developer did not allow himself any concessions when entering the London market. Now, half a year after the completion of the debut projects, he announces a new, similarly lucrative intention.
The European commercial real estate market is expected to recover this year, but it will probably arrive in Slovakia with a delay. Rent growth will continue in all sectors in Europe. An average increase of 3.4 percent is expected in logistics, 2.1 percent in offices and 1.2 percent in retail space. This follows from the outlook of the commercial real estate market called EMEA Outlook 2024: Trends are coming back, prepared by the real estate consulting company Cushman & Wakefield.
The labor market in Slovakia has slowed down significantly in recent months. The number of employees is also decreasing due to the cooling of foreign economies, and also due to increased early retirement. Analysts of the Institute of Financial Policy (IFP) Dávid Hojdan and Monika Pécsyová stated this in their monitor.
In 2023, the sharp increase in interest rates and the negative economic development of the country in which they operate had the strongest impact on banks and the method of financing commercial real estate.
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