VILNIUS OFFICE OUTLOOK 2018 Q4
|
|
- Ethel Murphy
- 5 years ago
- Views:
Transcription
1 VILNIUS OFFICE OUTLOOK 2018 Q4 Uptown Park, Švitrigailos str. 13, Vilnius ( )
2 MODERN OFFICE PREMISES SUPPLY By the end of 2018 the stock of modern office premises in Vilnius totalled 635,200 sqm which equals to 1.16 sqm per capita. Four A class office buildings with a total gross leasable area of 39,700 sqm were delivered in The buildings were: Asgaard Keys, Business Stadium West, Link and Sail no. 3. The year marked an expansion of CBD as all new business centres were located in the heart of the city. A class premises located in CBD will continue dominating the pipeline in 2019 making up 70% of the new stock delivery. In 2020 the proportion of new A and B class premises will even out. Intense competition in the A class segment and continuously-decreasing B class vacancy rate prompted the development of B class premises. In total, it is forecast that during the Vilnius office market will increase by approx. 218,000 sqm of modern office space. Currently, 12 out of 16 projects planned for are under construction. VACANCY In Q4 2018, the average vacancy rate in Vilnius increased from 3.1% to 3.7%. The rate remains extremely low in the context of the European office market as the average vacancy rate in Western Europe is %. However, considering that significant part of new developments are speculative, low vacancy rates do not limit choice for tenants that are planning office demand properly in advance. The vacancy rate for A class office premises has increased from 2.7% to 5.0%. The rate is not expected to further increase as most of the premises opening in 2019 are almost fully pre-leased. The vacancy rate for B class office buildings has decreased from 3.4% to 2.8%. It has been shrinking gradually and this quarter reached the lowest level in Such a low vacancy rate in this segment prompted the development of new B class premises in the city and its outskirts. The average vacancy rate is expected to increase but only by a small margin as most of the premises opening in the coming years are almost fully pre-leased. DEMAND Even though the average yearly takeup in the last five years amounted to 60,000 sqm, both in 2017 and 2018 it was significantly higher than that. In 2017 it reached 80,000 sqm marking an all-time record in the Vilnius office market. In 2018 take-up amounted to almost 75,000 sqm. It is forecast that take-up in upcoming years will remain at the same level reaching at least 70,000 sqm per year. The largest transactions in 2018 were made by SEB, Maxima Group, Yara, Ernst & Young Baltic, Teleperformance and many smaller entities. In 2018, Newsec advised on nearly 70% of all transactions. RENTAL RATES In 2018, the average rent for B class premises slightly increased, whereas that for A class premises remained the same. In the average market rent for prime office space in Vilnius CBD amounted to EUR/sqm/month, reaching 17.0 in special cases. In other central areas, rents were in the range of EUR/sqm/month, whereas those for B class offices located further from the city centre averaged The highest B class rents were captured in business campuses and other professionally-managed buildings. Rental rates gradually increase as new projects offer higher quality standards. OFFICE STOCK DEVELOPMENT: thousand sqm PROJECT UNDER DEVELOPMENT, thousand sqm % +7% +19% +14% +17% % % % % E 2020E 0 Q Q Existing stock Additional stock A class B class 2
3 «The office market keeps rapidly expanding with demand continuously meeting supply» VACANCY RATE, % RENT, EUR/sqm/month 25% 20% 15% 10% 5% 5.0% % 2009 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q4 Vacancy rate A class Vacancy rate B class 2.8% A CLASS B CLASS OFFICE DEVELOPMENT IN VILNIUS IN Developer / Owner Location / Name GLA, sqm Description Status Exp. finishing YIT Duetto, stage II B class, Virsuliskes Construction 2019 Darnu Group Park Town East Hill A class, CBD Construction 2019 EIKA Live Square A class, Central area Construction 2019 M.M.M. Projektai Saltoniskiu 7, stage II A class, CBD Construction 2019 PST U B class, Ukmerges st. Construction 2019 Urban Inventors Green Hall A class, CBD Construction 2019 M.M.M. Projektai Saltoniskiu 7, stage III A class, CBD Construction 2019 Schage Quadrum South A class, CBD Construction 2019 Darnu Group Paupys B class, Uzupis Construction 2020 Lords LB SEB HQ A class, CBD Construction 2020 M.M.M. Projektai Savanoriu av B class, Savanoriu av. Construction 2020 Vilbra Uptown Park B class, Naujamiestis Construction 2020 Technopolis Nova B class, Ozas Park Planned 2020 Hanner Business Stadium North A class, CBD Planned 2020 Lords LB Lvovo A class, CBD Planned 2020 YIT Linkmenu 17A B class, Snipiskes Planned 2020 TOTAL
4 OFFICE BUILDINGS IN VILNIUS No Project Name Address, street Openings of Duetto, stage II Virsuliskiu ln Park Town East Hill Lvovo str. 105A 3 Live Square Gedimino ave. 44A 4 Saltoniskiu 7, stage II Saltoniskiu str. 7 5 U219 Ukmerges str Green Hall 3 Upes str Saltoniskiu 7, stage III Saltoniskiu str. 7 8 Quadrum South Konstitucijos ave. 21B Openings of Paupys Paupio str. 10 SEB HQ Konstitucijos ave Savanoriu av. 5 Savanoriu av Uptown Park Svitrigailos str Nova V. Gerulaičio str Business Stadium North Rinktines str Lvovo 37 Lvovo str Linkmenu 17A Linkmenu str. 17A Openings of 2021 and later 17 K18b Konstitucijos ave. 18B 18 Business Garden, stage I Laisves ave Saltoniskiu 7, stage IV Saltoniskiu str Business Stadium, stage III Rinktines str. 5 Existing office buildings 21 Quadrum Business City Konstitucijos ave. 21, 21C 22 Asgaard Keys Ukmerges str Link Saltoniskiu str. 9B 24 3 Bures III Giedraiciu str Business Stadium West Rinktines str Park Town West Hill Lvovo str Green Hall 2 Upes str S7 I Saltoniskiu str Penta Ozo str. 12A 30 Narbuto 5 Narbuto str Domus Pro Bieliunu str Duetto I Spaudos str Eleven Kareiviu str B Nordic 26 J. Basanaviciaus str City Zalgirio str Zalgirio str Delta J. Balcikonio str Highway Savanoriu str Uniq A. Gostauto str. 12a 40 k29 Konstitucijos ave Premium Sporto str IBC (International Business Centre) Seimyniskiu str. 3A, 3, 1A / A. Juozapaviciaus str. 6/ Bures Lvovo str Europa Konstitucijos ave Swedbank Headquarters Konstitucijos ave. 20A 46 GV18A Gelezinio Vilko str. 18A 47 Danske Bank Saltoniskiu str Saltoniskiu 10C Saltoniskiu str. 10C 49 Baltic Hearts Ukmerges str Green Hall Upes str Marenta Business Centre Kestucio str Vertas Gyneju str Merchants' Club Gedimino ave Plaza 31/1 Vilniaus str. 31 / Islandijos str Business Centre 2000 Jogailos str Basanaviciaus 15 J. Basanaviciaus str BC 12 J. Jasinskio str MG Baltic J. Jasinskio str. 16, 16A, 16B, 16C 59 Eika Business Centre A. Gostauto str. 40a, 40b 60 G40 A. Gostauto str Vilbra Business Centre Svitrigailos str. 11B, 11H, 11M 62 Vytenio 46 Vytenio str Skraidenis Naugarduko str. 100, LJB Savanoriu ave Evita Savanoriu ave L3 Laisves ave JIN&JAN Menulio str. 7, Trapecija Pilaites ave Atea J. Rutkausko str Grand Office Virsuliskiu ln Orange Office GRIGISKES Senasis Ukmerges Rd Trio Perkunkiemo str. 3, 5, 7 73 Business Park Four Perkunkiemo str. 2, 4, 6 74 One Ukmerges str Kamane Ukmerges str. 369A 76 Sostena Ukmerges str Evolution Ukmerges str Akropolio Business Centre Ozo str BH-92 Zalgirio str Zalgirio Business Centre Zalgirio str North Star Ulonu str Ulonu Business Centre Verkiu str. 25C / J. Galvydzio str Domus Centre P. Luksio str Ozo Business Centre Ozo str. 10A 85 Alfa V. Gerulaicio str Beta J. Balcikonio str Gama Kalvariju str NCBC Kareiviu str Eta Zirmunu str Zirmunu Business Centre Zirmunu str Sunrise Valley Sauletekio ave VITP Mokslininku str. 2A GARIUNAI TARANDE PILAITE LAZDYNELIAI Under development Office buildings Existing Office buildings CBD Business triangle 66 JUSTI KAROLINISK LAZDYNAI 4 ZEMIEJI PANERIAI
5 5 ANTAKALNIS ZIRMUNAI SNIPISKES NAUJAMIESTIS SENAMIESTIS UZUPIS ZVERYNAS ES VIRSULISKES SESKINĖ FABIJONISKES JERUZALE BALTUPIAI TURNISKES PAVILNYS MARKUCIAI RASOS VILKPEDE NAUJININKAI PASILAICIAI SANTARISKES NISKES
6 THE FULL SERVICE PROPERTY HOUSE IN NORTHERN EUROPE Newsec The Full Service Property House in Northern Europe is by far the largest specialised commercial property firm in Northern Europe. Newsec manages more properties and carries out more transactions, more lettings and more valuations than any other firm in Northern Europe. Through this great volume, and the knowledge and depth of our various operations, we acquire extensive and detailed knowledge of the real estate market. In turn, we can quickly identify business opportunities that create added value. Our prime market is Northern Europe, but through our alliance membership with BNP Paribas Real Estate, we offer our services on the global market. This makes Newsec Northern Europe s only full service property house, and provides us with a unique ability to forecast the future. in 2001, Norway in 2005, the Baltic countries in 2009 and Denmark in The Norwegian asset and property management companies First Newsec Asset Management and TM Partner were acquired in In 2013, Newsec acquired Jones Lang LaSalle s Swedish property management operation. In 2017, Newsec grew with the acquisitions of Norwegian Basale and Danish Datea, further strengthening the position within Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 2000 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some sqm, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in Northern Europe. Newsec is the result of a unique history of growth, characterised by constant originality of thinking. The first issue of the comprehensive market analysis, Newsec Property Outlook, was published in The Group expanded internationally into Finland TRONDHEIM TAMPERE OULU BERGEN OSLO STOCKHOLM HELSINKI TALLINN GOTHENBURG AARHUS COPENHAGEN MALMÖ RIGA KLAIPEDA KAUNAS VILNIUS 6
7 CONTACT AND ADDRESSES More analytical information at Newsec: Head of Research and Analysis Mindaugas Kulbokas Cell Consultant Gintaras Tolocka Cell Office solutions at Newsec: Head of Brokerage Jurgita Silaikyte Cell Tenant Consulting Head of Corporate Solutions Martynas Babilas Cell Landlord Consulting Head of Office Solutions Indre Narauskaite Cell Office FIT-OUT Service Head of Project Management Tadas Grincevicius Cell LITHUANIA Konstitucijos ave. 21C LT Vilnius Phone info@newsec.lt LATVIA Vilandes str. 1 LV Riga Phone info@newsec.lv ESTONIA Roseni str. 7 EE Tallinn Phone info@newsec.ee Office Care and Property Management Head of Office Management Group Justas Bandza Cell j.bandza@newsec.lt 7
8 THE FULL SERVICE PROPERTY HOUSE IN NORTHERN EUROPE
INSIDE OFFICE MARKET VILNIUS, LITHUANIA 2018 Q1
INSIDE OFFICE MARKET VILNIUS, LITHUANIA 2018 Q1 Office campus S7, Vilnius, Lithuania. MODERN OFFICE PREMISES INSIDE OFFICE MARKET VILNIUS, LITHUANIA 2018 Q1 MODERN OFFICE PREMISES SUPPLY By the end of
More informationINSIDE OFFICE MARKET VILNIUS, LITHUANIA 2017 Q3
INSIDE OFFICE MARKET VILNIUS, LITHUANIA 2017 Q3 MODERN OFFICE PREMISES INSIDE OFFICE MARKET VILNIUS, LITHUANIA 2017 Q3 MODERN OFFICE PREMISES SUPPLY By the end of Q3 2017 stock of modern office premises
More informationKAUNAS OFFICE OUTLOOK 2018 H2
KAUNAS OFFICE OUTLOOK 2018 H2 Prime Business Centre, Savanoriu ave. 367, Kaunas MODERN OFFICE PREMISES SUPPLY By the end of 2018, the stock of modern office premises in Kaunas totalled 182,000 sqm, or
More informationNEW CENTRE OF VILNIUS. INREAL REVIEW SEPTEMBER 2018 INREAL review. September The New Centre of Vilnius
NEW CENTRE OF VILNIUS INREAL REVIEW SEPTEMBER 2018 Robertas Žulpa, INREAL Analyst Robertas Žulpa has been working as real estate analyst for more than 6 years. He is responsible for feasibility studies,
More information5 INVESTMENT PROJECTS COMMERCIAL LEASED BUILDINGS (KAUNAS CITY CENTER)
5 INVESTMENT PROJECTS COMMERCIAL LEASED BUILDINGS (KAUNAS CITY CENTER) 02/2018 PROJECTS DETAILS No. Address Purpose Size, m 2 Rent, EUR Vacancy Yield Price, EUR 1 Palangos str. 9. Kaunas Restaurant & Storage
More informationReal Estate Market Report. Baltic States Capitals Vilnius, Riga, Tallinn
Real Estate Market Report Baltic States Capitals Vilnius, Riga, Tallinn Realia Group is the region s largest provider of real estate brokerage, valuation, investment and property management services. Realia
More informationReal Estate Market Overview
Research & Forecast Report Latvia Lithuania Estonia 2016 Real Estate Market Overview Annual Review Accelerating success. Lithuania Market Overview Market Momentum Brings New Challenges Ramune Askiniene
More informationReal Estate Market Report Baltic States Capitals Vilnius, Riga, Tallinn.
Real Estate Market Report 2012 Baltic States Capitals Vilnius, Riga, Tallinn 1 International Standards With a Local Touch Ober-Haus Real Estate Advisors is the largest real estate agency operating across
More informationMARKET REPORT: REAL ESTATE TRENDS Q1 2014
MARKET REPORT: REAL ESTATE TRENDS 214 ECONOMY AND RE MARKET REPORT 214 INREAL 1 CONTENTS SUMMARY OF LITHUANIA S ECONOMY AND RE MARKET REPORT 214... 3 LITHUANIA S ECONOMY REPORT... 5 HOUSING MARKET REPORT...
More informationLITHUANIAN ECONOMIC AND RE MARKET REPORT 2015 Q1
LITHUANIAN ECONOMIC AND RE MARKET REPORT 215 Q1 ECONOMIC AND RE MARKET REPORT 1ST QUAT\RTER OF 215 CONTENT SUMMARY OF LITHUANIAN ECONOMY AND RE MARKET REVIEW Q1 215 2 LITHUANIAN ECONOMIC OUTLOOK 4 HOUSING
More informationCOMMERCIAL REAL ESTATE MARKET COMMENTARY
INVESTMENT MARKET The volume of purchases of large commercial property in Lithuania over the first half 218 was rather impressive. According to Ober-Haus data, in the first half of 218, eight investment
More informationBALTIC REVIEW 2016 Real Estate Markets of Estonia, Latvia and Lithuania
BALTIC REVIEW 2016 Real Estate Markets of Estonia, Latvia and Lithuania CONTENTS INTRODUCTION... 3 ECONOMIC OVERVIEW... 4 1. MARKET OF LAND WITHOUT BUILDING... 6 1.1. Residential land... 10 1.2. Commercial
More informationMoscow office market overview
office market overview 211 The recovery of the office market continued in 211. completion volume was 198,8 sq m. Several large deals were signed. Prime rents reached USD 1, per sq m per year, a 11% growth
More information1. On page 2 of the Prospectus the Section is renamed to Historical Financial Information.
The following amendments to the Prospectus are made by this Supplement: 1. On page 2 of the Prospectus the Section 4.14.1 is renamed to Historical Financial Information. 2. On page 4 of the Prospectus
More informationAS MERKO EHITUS Annual General Meeting of Shareholders. Nordic Hotel Forum, Tallinn 9 May 2018
AS MERKO EHITUS Annual General Meeting of Shareholders Nordic Hotel Forum, Tallinn 9 May 2018 1. Approval of the annual report of the year 2017 and overview of the economic results and outlook 2. Decision
More informationINVL BALTIC REAL ESTATE THE FIRST LISTED REIT IN THE BALTIC STATES
INVL BALTIC REAL ESTATE THE FIRST LISTED REIT IN THE BALTIC STATES 2018 BRIEF OVERVIEW Team Economic environment INVL Baltic Real Estate's management company is INVL Asset Management. The management company
More informationDTZ Research. Property Times Baltic Office H Focus on core locations and new standards. 27 February Contents. Author.
Property Times Baltic Office H2 2012 Focus on core locations and new standards 27 February 2013 Contents Macroeconomic Trends in the Baltic States 2 Office Market in Estonia 4 Office Market in Latvia 7
More informationOffice Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.
Office Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND NORWAY EMEA Office Rents H1 2012 Oslo 35.9 5.50% 7.6% 311,000 SWEDEN Stockholm 43.7 4.75% 4.0% 80,000 Tallinn 13.4 65,000 ESTONIA
More informationIndustrial and Logistics Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.
Industrial and Logistics Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND EMEA Industrial and Logistics Rents H2 2012 NORWAY Oslo 13.6 11.6 6.50% SWEDEN Stockholm 8.4 10.0 7.5 Helsinki
More informationIndustrial and Logistics Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.
Industrial and Logistics Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND EMEA Industrial and Logistics Rents H1 2013 NORWAY Oslo 12.7 10.8 6.50% SWEDEN Stockholm 8.3 10.0 7.5 Helsinki
More informationStrong office development activ ity continues
New stock, sq m Riga Office, Q4 216 Strong office development activ ity continues 595,6 sq m 3.9% 1,56 sq m 9,85 sq m 7. *Arrows indicate change from the corresponding quarter in the previous year Figure
More informationLimited new supply pushes vacancy level down
Photo credit: Mukusalas business centre Riga Offices, Q 7 Limited new supply pushes vacancy level down 68, sq m.8 % 4,5 sq m 4,695 sq m 6.8 Picture: TELE Shared Service Centre: Teraudlietuves biroji, nd
More informationINVL Baltic Real Estate, AB Consolidated Interim Report for 6 months of 2015
INVL Baltic Real Estate, AB Consolidated Interim Report for 6 months of 2015 Prepared in accordance with The Rules for the Preparation and the Submission of the Periodic and Additional Information. approved
More informationYear-end report January 1 December 31, 2015
Year-end report January 1 December 31, Peter Wågström President and CEO NCC Ann-Sofie Danielsson Skånegatan, Gothenburg 1 Q4 in brief Orders received SEK 20.4 BN (18.5) Order backlog SEK 56.6 BN (54.8)
More informationStrong office development activ ity continues
Riga Offices, Q4 217 Strong office development activ ity continues Total Modern Stock 616,858 sq m Overall Vacancy Rate 3.5% (-.5 p.p) Completions 8,495 sq m Absorption 23,31 sq m Prime Yield 6.75% Figure
More informationA pillar supporting future growth in Nordic Leasing
E u l er H e r m e s A pillar supporting future growth in Nordic Leasing Ma y 2 0 1 7 1 A company of Allianz A pillar supporting future growth in Nordic leasing Euler Hermes, the world s leading trade
More informationRESIDENTIAL REAL ESTATE MARKET COMMENTARY
The first half of 218 in the Lithuanian housing market was one of the most active over the past decade and was comparable to those of 216 217 both in the apartment and private house sectors. Despite slightly
More informationThe Estonian Economy. Macro Research. Housing market risks diluted. Macro Research - The Estonian Economy. 8 July, 2016.
Macro Research 8 July, The Estonian Economy Newsletter Housing market risks diluted The surge in supply has almost halted price growth Construction sector investments low Real estate prices relative to
More informationYear-end report Peter Wågström President and CEO Ann-Sofie Danielsson Chief Financial Officer NCC AB 1
Year-end report 2012 Peter Wågström President and CEO Ann-Sofie Danielsson Chief Financial Officer 2013-01-30 NCC AB 1 Q4 in brief Strong close resulted in successful year All business areas on par with
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index 10 June, 2016 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 132.3 in Vilnius, 166.5 in Riga, and
More informationInterim presentation. 13 July, Anders Nissen, CEO Liia Nõu, CFO
Interim presentation 13 July, 2018 Anders Nissen, CEO Liia Nõu, CFO Profitable growth 20% R12M Return on equity 2 1 2 3 Profitable acquisitions in new large markets Continued strong development in Brussels
More informationInterim report presentation
Interim report presentation 10 November, 2017 Anders Nissen, CEO Liia Nõu, CFO Forward-looking statements This presentation contains forwardlooking statements. Such statements are subject to risks and
More informationAUDIOCAST PRESENTATION H1/2018
AUDIOCAST PRESENTATION H1/2018 IRREPLACEABLE AND MULTI-FUNCTIONAL ASSETS IN GROWING CATCHMENTS 2 WE CONTINUE OUR TRANSFORMATION JOURNEY 2011 H1/2018 GOAL 2022 41 # OF SHOPPING # OF SHOPPING 78 30 CENTRES
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index 20 December, 2016 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 162.5 in Riga, but decreased to
More informationWITH PARTNERS: ŠIAULIŲ BANKAS AND LAW FIRM COBALT 1 LITHUANIAN ECONOMY AND REAL ESTATE MARKET REVIEW 2018 I HALF-YEAR
LITHUANIAN ECONOMY AND REAL ESTATE MARKET REVIEW 218 I HALF-YEAR WITH PARTNERS: ŠIAULIŲ BANKAS AND LAW FIRM COBALT 1 CONTENTS ECONOMY REVIEW... 3 HOUSING MARKET REVIEW... 7 LITHUANIA... 7 VILNIUS... 7
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index December 19, 2017 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 148.6 in Tallinn, 177.2 in Riga,
More informationInterim presentation. 24 April, Anders Nissen, CEO Liia Nõu, CFO
Interim presentation 24 April, 2018 Anders Nissen, CEO Liia Nõu, CFO A stable earnings development 21% Return on equity 2 1 2 3 Profitable acquisitions Positive effects from product development A seasonally
More informationReal estate market overview
Real estate market overview 213 1 FOREWORD INFORMATION ABOUT THE PUBLICATION COUNTRY MACROECONOMIC REVIEW GDP, INFLATION, UNEMPLOYMENT, NET EXPORTS, REAL ESTATE MARKET BUSINESS CENTRES MARKET NEW, IN DEVELOPMENT,
More informationDEVELOPMENT OF THE DWELLING CONSTRUCTION AND REAL ESTATE MARKET DURING THE LAST DECADE
DEVELOPMENT OF THE DWELLING CONSTRUCTION AND REAL ESTATE MARKET DURING THE LAST DECADE Olga Smirnova, Merike Sinisaar Statistics Estonia Construction and real estate are the fields of activity many people
More informationGoodson & Red team and Tõnu Toompark present: Tallinn Property Market Q3 Tallinn property and rental market review
Goodson & Red team and Tõnu Toompark present: Tallinn Property Market 2009 Q3 Tallinn property and rental market review Tallinn Property Market Dawn is about to break, but it is still dark The rock bottom
More informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS GEOFF FALKENBERG Oregon Association of Realtors Fellow In the U.S. and Oregon, the third quarter of 2013 saw office markets hit a plateau. Office deliveries are low, but the pipeline
More informationHOUSING AND PROPERTY MARKET IN LITHUANIA CONTENTS
HOUSING AND PROPERTY MARKET IN LITHUANIA Kęstutis Sabaliauskas, Director General State Enterprise Centre of Registers, Lithuania Kestutis.Sabaliauskas@registrucentras.lt CONTENTS Legal environment Real
More informationSweden 39% Markets Sweden. Net sales per segment Umeå. Uppsala. Stockholm. Linköping. Gothenburg
Markets With a geographical spread across 23 regions in eight countries, Bonava has a unique position as a residential developer. Through continuous knowledge exchange between our markets, we create happy
More informationStrong progress for Property Management
Strong progress for Property Management Interim report January-June 2016 Stockholm, 18 August 2016 Anders Nissen, CEO Liia Nõu, CFO Forward-looking statements PANDOX EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS
More informationEconomy. Denmark Market Report Q Weak economic growth. Annual real GDP growth
Denmark Market Report Q 1 Economy Weak economic growth In 13, the economic growth in Denmark ended with a modest growth of. % after a weak fourth quarter with a decrease in the activity. So Denmark is
More informationCONFERENCE AGENDA ARCHITECTURE & ACOUSTICS [ROOM FOR EXPRESSION EVENT] WHAT DOES YOUR PROJECT SOUND LIKE?
CONFERENCE AGENDA ARCHITECTURE & ACOUSTICS [ROOM FOR EXPRESSION EVENT] WHAT DOES YOUR PROJECT SOUND LIKE? CONFERENCE AGENDA 16:00 Welcome by Knauf Lithuania 16:05 Comfort starts with good planning Andreas
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index 7 September, 2016 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 159.6 in Tallinn and 171.3 in
More informationRental income, EUR million Like-for-like growth in rental income, percent
Akelius Residential Property AB (publ) interim report January to June summary Apr Jun Apr Jun Jan Jun Jan Jun Jan Dec Rental income, EUR million 115 113 233 229 469 Like-for-like growth in rental income,
More informationRental income, SEK million 1,071 1,014 4,122 4,109 Growth in rental income comparable properties, percent
Akelius Residential Property AB (publ) year-end report January to December summary Oct Dec Oct Dec Jan Dec Jan Dec Rental income, SEK million 1,071 1,014 4,122 4,109 Growth in rental income comparable
More informationRental income, EUR million Like-for-like growth in rental income, percent
Akelius Residential Property AB (publ) interim report January to September summary Jul Sep Jul Sep Jan Sep Jan Sep Jan Dec Rental income, EUR million 120 116 353 345 469 Like-for-like growth in rental
More informationHousing and Property Market in Lithuania
Housing and Property Market in Lithuania Kestutis SABALIAUSKAS, Lithuania Key words: real property, housing market, housing loans, credit market, Lithuania. SUMMARY The real property market in Lithuania
More informationAUDIOCAST PRESENTATION Q1/2018
19.4.2018 AUDIOCAST PRESENTATION Q1/2018 HIGHLIGHTS Q1/2018 EPRA EARNINGS PER SHARE EUR 0.041 -Divestments in 2017 and weaker currencies impacted EPRA EPS -Efficient cost management with administrative
More informationINVL Baltic Real Estate, Consolidated Interim Report for 6 months of 2017
The special closed-ended type real estate investment company INVL Baltic Real Estate, Consolidated Interim Report for 6 months of 2017 Prepared in accordance with The Rules for the Preparation and the
More informationKTI St. Petersburg Property Barometer: Real estate market professionals concluded the year 2011
KTI St. Petersburg Property Barometer: Real estate market professionals concluded the year 2011 KTI Finland continues to study the professionals opinions on the development of the St. Petersburg property
More informationTRANSWESTERN OUTLOOK DC AT Q1O8
TRANSWESTERN OUTLOOK DC AT Q1O8 Even With Soft Office Absorption, Vacancy Remains Low; Rents Continue to Edge Up The District of Columbia s office market experienced steady conditions during the 1st quarter
More informationMoscow Warehouse Market
Moscow Warehouse Market Q3 2015 Market saw a record surge in demand for warehouse space over Q3 2015 The volumes of take-up over the first nine months exceeded 1m sq m (+76% YoY) As a result, the vacancy
More informationTHE OFFICE MARKET IN THE BEGINNNING OF 2015
OFFICE MARKET HIGHLIGHTS OFFICE SUPPLY IN THE BEGINNING OF 2015 TRANSACTIONS COMPLETED IN 2014 2014 vs. 2013 Office buildings (A, B and C class) 878,000 sqm Take-Up 233,133 sqm + 28% (From which offices
More informationMoscow Industrial Big Box MarketView H1 2013
Moscow Industrial Big Box MarketView H1 213 CBRE Global Research and Consulting NEW SUPPLY 137,22 SQ M PRIME RENTAL RATES $14 / SQ M / YEAR VACANCY 1,6% HOT TOPICS More than 7, sq m of class A warehouses
More informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS GEOFF FALKENBERG Oregon Association of Realtors Fellow The Urban Land Institute ranked Portland 11th in the nation among Markets to Watch for real estate investment in 2014. Jones
More informationOFFICE MARKET REVIEW
This review is prepared by the experts of ASTERA, an alliance member of BNP Paribas Real Estate / March 2012 OFFICE MARKET REVIEW Q1 2012 2 / COMMERCIAL REAL ESTATE / OFFICE / Q1 2012 ALEXEI RYABICHEV
More informationCZECH REPUBLIC RESEARCH & FORECAST REPORT Q Accelerating success.
CZECH REPUBLIC RESEARCH & FORECAST REPORT Accelerating success. RESEARCH & FORECAST REPORT CZECH REPUBLIC PRAGUE OFFICE PROPERTY MARKET SUPPLY METRIC KEY OFFICE FIGURES MEASURE Total Stock 2,773,296 m
More informationQ Cape Town Office Market Report. In association with Baker Street Properties
Cape Town Office Market Report 217 set for rental growth as economy improves, but the city continues to struggle to cater to large occupiers Q4 216 In association with Baker Street Properties 1 Central
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index June 8, 2018 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 182.0 in Riga and 152.0 in Tallinn,
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationRental income, EUR million Like-for-like growth in rental income, percent
Akelius Residential Property AB (publ) year-end report January to December summary Oct Dec Oct Dec Jan Dec Jan Dec Rental income, EUR million 129 124 482 469 Like-for-like growth in rental income, percent
More informationRental income, SEK million 1,016 1,040 3,051 3,095 4,109 Growth in rental income comparable properties, percent
Akelius Residential Property AB (publ) interim report January to September summary Jul Sep Jul Sep Jan Sep Jan Sep Jan Dec Rental income, SEK million 1,016 1,040 3,051 3,095 4,109 Growth in rental income
More information1July 2018 Region. Research & Forecast Report Colliers International SOFIA OFFICE MARKET OVERVIEW H1 2018
SOFIA OFFICE MARKET OVERVIEW 1July 2018 Region Research & Forecast Report Colliers International H1 2018 2 SOFIA 19% 13% 22% 27% 59% 60% HIGHLIGHTS Class A Class B For more information: www.officemap.bg
More informationBaltic Housing Affordability Index
Macro Research Macro Research - Baltic Housing Affordability Index 14 September, 2017 Baltic Housing Affordability Index The housing affordability index (HAI) increased to 159.9 in Tallinn, 183.5 in Riga,
More informationInitiatives of Vilnius City Municipality on renovation of Dwelling Houses Programme Renew the house renew the City
Initiatives of Vilnius City Municipality on renovation of Dwelling Houses Programme Renew the house renew the City Mr. Kęstutis Nėnius, The leader of the programme GEF grant The Global Environment Fund
More informationMarket Commentary Brisbane CBD Office
Market Commentary Brisbane CBD Office May 2016 Executive Summary There was a relatively soft start to the year for the CBD office leasing market with net absorption of 2,614 sqm recorded in 1Q16. Just
More informationValuation Statement. 31 March 2009 CITYCON OYJ VALUATION STATEMENT 7
Valuation Statement 31 March 2009 CITYCON OYJ VALUATION STATEMENT 7 1. APPRAISAL METHOD Realia Management Oy has made a valuation of Citycon s property portfolio as at 31st of March 2009. The valuation
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook February 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 Jan-14 Jan-15 Jan-16 20.0% Jan-14 Jan-15
More informationDISTRICT OF COLUMBIA IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy. Leasing Activity. Development Pipeline.
RESEARCH MARKET REPORT DISTRICT OF COLUMBIA OFFICE IN THIS ISSUE State of the Economy p.2 Leasing Activity p.3 Development Pipeline p.4 Market Outlook p.5 Market Breakdown p.6 DC Development: No Signs
More informationBüromarktüberblick. Market Overview. Big 7 3rd quarter
Büromarktüberblick Office Market Overview Big 7 3rd quarter Deutschland Gesamtjahr 2017 2016 Erschieneninim Published October April 2017 2017 Will the office lettings market achieve a new record volume?
More informationLeasing to Finance Innovation Jurgita Bucyte Senior Adviser in Statistics & Economic Affairs, Leaseurope
Leasing to Finance Innovation Jurgita Bucyte Senior Adviser in Statistics & Economic Affairs, Leaseurope AGORADA 2016 Brussels 27 May 2016 About Leaseurope Leaseurope represents the European leasing &
More informationOverview of the German office locations... 5
CONTENTS OFFICE MARKET GERMANY 2016 CONTENTS Executive summary... 3 Overview of the German office locations... 5 Office investment... 10 Berlin... 12 Cologne... 16 Düsseldorf... 20 Essen... 24 Frankfurt...
More informationRental income, EUR million** Like-for-like growth in rental income, percent Net operating income, EUR million
Akelius Residential Property AB (publ) interim report January to March summary* Jan Mar Jan Mar Jan Dec Rental income, EUR million** 119 116 469 Like-for-like growth in rental income, percent 3.7 5.4 5.1
More informationFertile Ground for Canada s Marijuana Industry
Canadian CRE Fertile Ground for Canada s Marijuana Industry Page 1 While the United States is grappling with the complexities of marijuana legislation and sales across some states, the marijuana wave is
More informationOffice Market Snapshot Podgorica H1 2017
Economy The main macroeconomic indicators of Montenegro, having highlighted only four of them, show a diversified picture of the current trends of the Montenegrin economy. The consumer prices increased
More informationFEATURES OF PRICE BUBBLE IN REAL ESTATE MARKET IN LITHUANIA
Abstract FEATURES OF PRICE BUBBLE IN REAL ESTATE MARKET IN LITHUANIA prof. habil. dr. Žaneta Simanavičien Kaunas University of Technology, Kęstučio str. 8, Kaunas Lithuania, LT 44320. E-mail: zaneta.simanaviciene@ktu.lt
More informationLeasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0%
Office March 2017 New York Monthly Market Update Leasing activity remains strong through February; Downtown off to best start in years Manhattan Class A Asking Rents Manhattan Class A Vacancy Rents $100.00
More informationNORTH BRIDGE NORDIC PROPERTY AS
NORTH BRIDGE NORDIC PROPERTY AS STATUS REPORT 1st QUARTER 2012 www.northbridge.no PROPERTY UPDATE Newsec is the source of the values and yield 1) levels in the tables below. The valuations were updated
More informationOber-Haus Lithuanian apartment price index (OHBI) September OBER-HAUS LITHUANIAN APARTMENT PRICE INDEX (OHBI) (January 1994 = 100)
Ober-Haus Lithuanian apartment price (OHBI) September 2017 900 OBER-HAUS LITHUANIAN APARTMENT PRICE INDEX (OHBI) (January 1994 = 100) 900 800 800 700 700 600 500 (inflation adjusted) 600 500 400 400 300
More informationMAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT
AT A SAN DIEGO OFFICE MARKET REPORT FOURTH QUARTER 215 AT A NEW SUPPLY PUSHES VACANCY RATES HIGHER San Diego s regional economy has been buzzing and added a net total of 37,8 jobs in the 12 months ending
More informationRiga office centre overview
Riga office centre overview Latvia 2009 Economy 2009 economic situation in Latvia is best summarized in a recent Economist online article Like many small countries, Latvia has struggled to attract outsiders
More informationJSC Gildera is an innovative company responsible for structural design, production and assembly of element residential houses, public and commercial
COMPLETED PROJECTS JSC Gildera is an innovative company responsible for structural design, production and assembly of element residential houses, public and commercial buildings. Professional personnel
More informationReport the warehouse market in Q1 2018
Report the warehouse market in Q1 218 A record amount of warehouse space is under construction in Poland. Gross demand 1.16 mln The Polish warehouse market remains in very good shape. The demand side saw
More informationBrisbane CBD Office Market: the 1990s Vs Now
September 2013 Brisbane CBD Office Market: the 1990s Vs Now Key Points Figure 1: Brisbane CBD Sub-lease Vacancy % of Total Stock 3.0 2.5 2.0 1.5 1.0 1993 2002 2009 2013 Total market vacancy in Q2/2013
More informationMarket Commentary Perth CBD Office
Market Commentary Perth CBD Office November 2016 Executive Summary The vacancy rate at 3Q16 is 24.7%, reflecting a quarterly increase of 0.1 percentage points. Two office projects are under construction
More informationInterim statement from the Board of Directors for the first quarter of 2015
Regulated information - under embargo until 05/05/2015, 8 a.m. Antwerp, 5 May 2015 Interim statement from the Board of Directors Acquisition of a modern logistics site of approximately 52.000 m² in a prime
More informationBrisbane Industrial Vacancy Report - February 2017
Written By Jennelle Wilson Mark Clifford +61 408 451 848 Mark.Clifford@au.knightfrank.co m Chris Wright +61 419 780 378 Chris.Wright@au.knightfrank.co m Brisbane Industrial Vacancy Report - February 2017
More informationMARKET INSIGHT LOUISVILLE, KENTUCKY MULTIFAMILY REPORT THIRD QUARTER 2017
CUSHMAN & WAKEFIELD COMMERCIAL KENTUCKY LOUISVILLE MULTIFAMILY RESEARCH MARKET INSIGHT MULTIFAMILY REPORT THIRD QUARTER 217 The Cushman & Wakefield Commercial Kentucky Multifamily Research Team provides
More informationAPARTMENTS VS. INDIVIDUAL HOUSES. RE MARKET TRENDS November 2014 RE MARKET TRENDS: EMERGING COMPETITION BETWEEN APARTMENTS AND INDIVIDUAL HOUSES
APARTMENTS VS. INDIVIDUAL HOUSES RE MARKET TRENDS November 2014 RE MARKET TRENDS: EMERGING COMPETITION BETWEEN APARTMENTS AND INDIVIDUAL HOUSES There is a direct relationship in Lithuania between welfare
More informationCaution: Vacancy Increases Ahead
MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC
More informationFOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARYLAND OFFICE MARKET REPORT MARKET SUMMARY ABSORPTION
Q4 2013 MARYLAND OFFICE MARYLAND OFFICE MARKET REPORT FOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARKET SUMMARY Updated April 2013 MARKET INDICATORS Q4 2013 Q1 2014* VACANCY
More information6.5 % p.a. Minimum investment $50,000.
AN AWARD-WINNING AUCKLAND OFFICE PROPERTY INVESTMENT OPPORTUNITY 6.5 % projected pre-tax cash return.* p.a. Minimum investment $50,000. 585 interests available. 33 CORINTHIAN DRIVE, ALBANY, AUCKLAND *
More informationConstruction Investment Cools In Lead Up To General Election
Phnom Penh, Q2 218 Construction Investment Cools In Lead Up To General Election Average High-end Condominium Price $3,211/SQM Prime Condominium Rent $14.3/SQM Prime Office Rent $25.5/SQM Prime Retail Mall
More informationPerth CBD Office Market
SPRING 2016 MARKET TRENDS New supply has moderated. There is no new supply forecast until 2018. Demand weakened in the first half of 2016. Vacancy rates continued to rise in the first half of 2016. Face
More informationIndustrial Outlook. An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment.
Industrial Outlook Louisville An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment. JLL Research Insight Industrial market quick out of the
More informationREPORT S T A T U S Q North Bridge Nordic Property. Contact. Hoffsvn. 1C P.O. Box 211 Skøyen 0212 Oslo - Norway
Q3 2006 North Bridge Nordic Property Hoffsvn. 1C P.O. Box 211 Skøyen 0212 Oslo - Norway Contact t: + 47 22 51 76 40 f: + 47 22 51 76 20 www.northbridge.no WELCOME The board and CEO of North Bridge Nordic
More information