CMS has appointed Petra Myšáková as a partner in its Prague office, where she’ll be head of the company’s Banking and Finance team. She’s built up a significant track record in this field where she’s now recognized as a leading professional. The move, which takes effect as of September 1, is important for CMS’s trajectory on the Czech market. “I am confident that Petra will be a tremendous asset to our local leadership in Prague and our broader CEE team,” said Managing Partner Helen Rodwell.
Bratislava’s office market is showing resilience against a background of economic weakness, according to Cushman & Wakefield’s most recent findings. Gross take-up rose 85% y-o-y in Q2 to 51,700 sqm, while net take-up reached 28,000 sqm (up 50%). Interestingly, 44% of the activity came from the public sector, but the company acknowledged that private sector downsizing is a persistent issue for landlords. Vacancy during the second quarter dropped only slightly to 11.6%, but with new construction slowing in the Slovak capital, the long-term prospects are positive. Pre-leases on upcoming projects have improved the mood for the affected developers, but they’re likely to create problems for the landlords of legacy offices. One notable trend is that landlords are demanding lease terms of 7 years or more – something that is unlikely to be attractive to smaller end users. Prime rents and prime yields are steady at €17.50 and 6% respectively, writes the agency.
On the opposite end of the scale, Warsaw’s office market ended the first half of the year with 11.4%, but that’s where the similarities with Bratislava end. Net take-up over the first two quarters of 2023 came to 210,000 sqm, according to AXI Immo, against a gross take-up background of 326,000 sqm. 
The company reports that prime rents there currently stand at €27.50. A full 230,000 sqm of office space is under construction at the moment, but just 18,000 sqm completed between January and June. From 2020 through 2022, the Polish capital saw between 250,000 sqm and 320,000 sqm of new supply each year. For the coming two years, the figure is unlikely to exceed 60,000 sqm and won’t hit 100,000 sqm until 2025.
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