Knight Frank – CSEE Market Overview: Office and Industrial, H1 2024

Knight Frank's "CSEE Market Overview: Office and Industrial, H1 2024" provides an in-depth analysis of the Central and South East European real estate markets for the first half of 2024. The report highlights a 19% increase in tenant activity, with net absorption turning positive and occupied areas expanding by 21% year-on-year. Renewals constituted 48% of leasing activities, while new demand accounted for 45%. The total office stock reached 4,369,900 sq m, with 102,830 sq m delivered in 2023. In the industrial sector, total take-up in the Greater Budapest area reached 630,760 sq m, a 7% decrease year-on-year, with 93 leasing transactions recorded. The report underscores the resilience and growth potential of the CSEE real estate markets amid evolving economic conditions.