CBRE, the world leader in commercial real estate services, is celebrating 25 years on the domestic market. During the same period, the market underwent significant changes and matured into a stable investment environment that can withstand international competition and attracts domestic and foreign capital.
Rising energy prices and upcoming changes in the mandatory reporting of ESG information, which show the effects of companies' management style on the environment, energy balance and the quality of the working environment, aroused a significantly higher interest of companies in sustainability and dream related areas last year. Specifically, it was confirmed by 67% of more than 500 interviewed investors and tenants of commercial real estate participating in a global survey by the real estate consulting company CBRE. The current facts are inexorable: only 15% of buildings worldwide currently meet the conditions of the so-called Paris Agreement, while 85% of all existing real estate located on the territory of the European Union is to be used even in 2050, when the EU wants to achieve climate neutrality. In the future, it will therefore be necessary to implement a whole series of reconstructions and demanding rebuilds. It is for these reasons that CBRE's latest survey was created, the results of which reveal the main trends that are currently gaining ground in the field of ESG and have a significant impact on the strategic decision-making of companies.
CBRE, a world leader in commercial real estate services, summarizes the results of an extensive comparative analysis focused on the benefits of green certifications in office leasing. On a sample of 58 million m2 of office space and 44,500 lease agreements concluded in 18 European countries, including the Czech Republic, it shows the value that green certifications such as BREEAM or LEED bring to owners of administrative properties. Based on a comparison of several key indicators, CBRE has shown that the average vacancy rate in certified buildings is almost 2% lower than in non-certified competition, while the price per square meter of leased space is, on the contrary, 5.5% higher. The comparison of individual European markets is also interesting, from which the Prague one emerges as mature. Owners of sustainable buildings here achieve very good results in the long term.
Due to the covid-19 pandemic, investors were more interested in waiting tactics in part of last year. This gave them enough time to carefully assess the risks and better assess the next steps. Therefore, the second year with coronavirus starts with increased activity. According to the current CBRE survey of commercial real estate investors, 50% of companies active in Central and Eastern Europe expect increased transaction activity this year.
CBRE, the world leader in the commercial real estate services sector, has published OUTLOOK 2016 study corresponding to the growth of the Czech economy, which also predicts positive developments in the real estate services market. The study monitors the capital real estate market, alongside the industrial, office and retail property sectors. In 2016, a total investment in the local market exceeding EUR 2 billion is expected, which is crucial for investment in the office and retail markets.
CBRE Group has been named the top global real estate advisory firm in the 2015 Euromoney Real Estate Awards. CBRE has now achieved the top award for four consecutive years and eight times since the real estate awards program launched 11 years ago. Globally, CBRE was also ranked highest overall in the Sales/Leasing and Valuation categories.
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