C&W on CEE office yields

Last bit of research for today from Cushman & Wakefield, also originating from last week’s jaunt to Munich. Agency partners from Warsaw, Budapest, Bucharest and Prague spoke at a presentation overlooking the exhibition. Here’s an excerpt from the group’s research on office yields in the region, going back to 2004.

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One response to “C&W on CEE office yields

  1. Interesting to see CushWake have positioned Warsaw and Prague office yields at the same level. I have Warsaw office yields trading at a 30bps premium to Prague (prime net initial) as of mid 2010 (6.7% & 7% respectively), and for very good reason – economy, inv. liquidity and office market growth (rental) prospects being much stronger in Warsaw than in a rather polarised Prague market – a market I don’t see warranting yields any further south of 7%. Warsaw could go south of 6.7%, to at least 6.5% and support it. I guess it poses the question, what is in a CushWake yield?

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