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CBRE RESEARCH REPORT - Belgrade office market

BELGRADE OFFICE STOCK As of the beginning of 2015, Belgrade contemporary office stock has remained unchanged, exceeding the level of 738,000 sq m of GLA. Furthermore, the speculative (leasable) office stock reached the level of 516,000 sq m, while the owner-occupied supply stands at the level of 221,000 sq m. In the following period, the construction activity, which commenced in the late 2014, will have a positive impact on the overall office supply.

CBRE RESEARCH REPORT - Belgrade office market Q4 2015

After the period characterized by limited construction activity, Belgrade office market has moved from recession to recovery phase. During 2015, contemporary office supply was enlarged by 23,000 sq m of GLA, while few office schemes are under construction, suggesting the upturn in the stock in the forthcoming period.

CBRE RESEARCH REPORT - Belgrade Office Market

RESIDENTIAL SUPPLY The period of the intensive residential activities continued in the first quarter of 2015, while Belgrade remains the center of residential developments in the country. According to the official statistics, the average size of the newly built units completed in 2014 in Serbia amounted to 53 sq m, while the average size for the new residential units in Belgrade was above national average, being at the level of 58 sq m.

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