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The Commercial Real Estate market in Central & Western Europe is experiencing significant growth and development. Customer preferences in the market are shifting towards more flexible and modern office spaces. Companies are increasingly looking for office spaces that can accommodate remote working and collaboration, as well as provide amenities and services that enhance employee well-being. This shift is driven by the changing nature of work and the desire for more agile and adaptable workspaces. Trends in the market include the rise of co-working spaces and flexible office solutions. These types of spaces offer companies the flexibility to scale up or down their office space as needed, without the long-term commitments of traditional leases. Co-working spaces also foster collaboration and networking opportunities, which are highly valued by startups and small businesses. Another trend in the market is the increasing demand for sustainable and energy-efficient buildings. Companies are becoming more conscious of their environmental impact and are seeking office spaces that align with their sustainability goals. This trend is driven by both regulatory requirements and the desire to attract and retain environmentally-conscious employees. Local special circumstances in Central & Western Europe include the presence of historical buildings and architectural heritage. Many cities in the region have strict regulations and preservation guidelines for historical buildings, which can limit the availability of modern office spaces. This creates a unique challenge for developers and investors who need to balance the preservation of historical buildings with the demand for modern office spaces. Underlying macroeconomic factors that contribute to the development of the Commercial Real Estate market in Central & Western Europe include strong economic growth and low interest rates. The region has experienced steady economic growth in recent years, which has increased business activity and the demand for office spaces. Additionally, low interest rates make borrowing more affordable for developers and investors, encouraging investment in the real estate market. In conclusion, the Commercial Real Estate market in Central & Western Europe is evolving to meet the changing needs and preferences of customers. The market is driven by customer preferences for flexible and modern office spaces, as well as the increasing demand for sustainable buildings. Local special circumstances, such as historical buildings, and underlying macroeconomic factors, such as strong economic growth and low interest rates, also play a significant role in shaping the market.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)