The total stock of modern office space in the Serbian capital currently stands at just over 1.5 million square meters, which is significantly less compared to regional centers like Bucharest and Sofia. The vacancy rate is declining and now hovers around 4%, clearly indicating that demand remains exceptionally high.
The highest interest comes from companies in the IT sector, business services, and manufacturing, all seeking contemporary spaces that meet today’s technical and energy standards. Increasingly, factors such as ESG standards, sustainability, energy efficiency, and flexibility play a critical role in selecting office space.
However, high interest rates and more complex financing procedures are affecting the pace of new developments. Investors are becoming more cautious, with a growing focus on quality rather than quantity.
Experts emphasize that Belgrade has the potential to become a regional leader in office space, but this requires strategic development aligned with actual market needs, as well as continued infrastructure improvements and urban planning that encourages investment.
