Growing occupier confidence should drive rental rate growth across EMEA, according to new research from CBRE. It found that aggregate office take-up across Europe increased by 9.6 percent in Q4 2013, as improving economic sentiment alleviates occupier caution. Prague should be an example of the trend. “Compared to 2013, when office demand came from a wide range of business sectors, we currently witness increasing demand from especially successful technology companies to lease well located, good quality office space.” The authors gave Avast’s leasing of 11,000 sqm from Immorent at Enterprise in Prague 4 – Pankrac as a clear example. “We expect more similar, albeit smaller, deals to be closed this year,” writes CBRE in its report.
In 2013, Warsaw recorded its highest ever annual take-up at 457,000 sqm with demand focused on the city center and surrounding areas, while Moscows annual take-up rose 4 percent compared to 2012.
