The intensification of activities in the sector of office space has been present since 2015. A large number of local and foreign investors present in the market are completing the existing or starting or announcing new projects, Sanja Bastic
, consultant at Danos
, says in her interview for eKapija.
As she explains, investors focus on Belgrade, as the center of all important institutions, companies and operations.
– Last year was one of the most dynamic years when it comes to construction, and Belgrade ended 2016 with over 800,000 m2 of office space. The demand for office space in 2016 was also larger than in 2015 – Sanja Bastic says for eKapija.eKapija: What are the most frequent demands of renters of office space?
– The demands are various and depend on the company’s core activity for the most part. For example, IT companies like an open space arrangement, whereas law offices opt for separate offices. In most cases, it’s some combination of the two. General requirements pertain to location, area, the length of the lease and the available budget. Other demands, related to equipment and other characteristics, are subject to agreements with the investor or the owner. Regarding the types of office space, most companies opt for conventional office space, whereas marketing companies, private clinics and international schools prefer representative, luxurious houses and apartments in Dedinje, Senjak, Vracar or Vozdovac.eKapija: What is the relation between the price and quality of office space like?
– It is good and for the most part a realistic reflection of the characteristics of the space in question and the lease price. A certain price range relative to the office space class has solidified. Class A
office space can cost from EUR 14.5 to 16.5 per m2, and from EUR 2.5 to 3.5 per m2 if service costs are included. Class B
office space ranges from EUR 10 to 12 per m2, with service costs depending on the owner, but not exceeding EUR 2 per square meter, and sometimes being absent altogether. Leasing residential space for business purposes ranges from EUR 6 to 10 per m2 and depends on location, area, the length of the lease and the state of the premises.eKapija: What do the projections show as to how the prices will develop further?
– According to our projections, the prices will not change considerably in the period ahead. The biggest and the most numerous clients currently come from the IT sector as the fastest growing industry.eKapija: What is the demand for premium quality office space like?