Spectator on facebook

Spectator on facebook

FOCUS SHORT

Downturn forces tenants to optimise

CUSHMAN & Wakefield’s latest European Landlord & Tenant Survey, conducted with a total of 750 tenants and landlords across Europe, revealed that more than half the tenants have changed the way they are utilising their office space, with both desk-sharing and flexible working becoming increasingly popular.

CUSHMAN & Wakefield’s latest European Landlord & Tenant Survey, conducted with a total of 750 tenants and landlords across Europe, revealed that more than half the tenants have changed the way they are utilising their office space, with both desk-sharing and flexible working becoming increasingly popular.

Additionally, 60 percent of those surveyed anticipate that their space utilisation will change over the next 12 months, with open-plan and flexible working practices becoming considered more often.
The average floor space per worker in Europe has fallen from 12.8 to 12.4 square metres. Financial services tenants are leading this trend, with more than half having already reduced their floor space per person over the last 12 months.

In Slovakia, office space is typically the second or third largest expenditure in a company’s income statement and is therefore a core part of strategic discussions on cost management at the level of the company’s country manager or chief financial officer.

In central Europe generally, and in Slovakia specifically, there are similar tendencies by landlords to maintain the same headline rent but to re-negotiate incentive packages or incorporate stepped rentals.

Leases are usually long-term contracts and what is most important to the tenant, typically total costs over a period of time, often has a slightly different level of importance for the landlord, Cushman & Wakefield reported in March.

Topic: Real Estate


Top stories

Europe will continue fighting dual quality products

The recent Bratislava summit raised some suggestions on solving the problem, but it will be a long process.

Yeme grocery store in Bratislava.

Historically first ex-ministers were sentenced for the bulletin-board tender

Former construction ministers of the SNS party have received years in prison for the scandal surrounding the infamous bulletin-board tender. The other three defendants, ministry officers, have been acquitted.

L-R: Marian Janušek is ianugurated as replacing Igor Štefanov in post of construction minister, April 2009.

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

We should not wait until we start lowering our voices when talking about the mighty

The girl with seven names saw the first public execution in Korea aged seven.

Hyeonseo Lee