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Croatia Marketbeat

Dragan Radulovic • 10/25/2022
The Croatian economy continued to rebound in 2022 as Croatia’s GDP advanced by 5.2% year-on-year in the third quarter of 2022. The country benefited from the reopening of economies after Covid restrictions, while the high demand and consumer savings built up during the pandemic boosted tourism, the most important sector of the economy. The economy should receive a boost from becoming a member of the EU and adoption of the Euro.

CURRENT MARKETBEATS

Europa office building, Brussels
CROATIA Q4 2022 OFFICE DATA

Stronger leasing activity was reported in the fourth quarter with a total of 22,560 sqm leased. This took full year activity to 62,600sqm. Vacancy remains low at just 2.37%, broadly unchanged on the previous quarter. Rents remained stable for Class A office buildings between €13-15.5/sq m/month.

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People walking in shopping mall, blurry
CROATIA Q4 2022 RETAIL DATA

2022 saw the opening of a number of shopping centres and retail parks across the country reflecting improved retail activity. Retail parks remain the most active sector, with several new openings planned in 2023.

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More Insights

Golgi PM
Article • Logistics

Cushman & Wakefield manages more than 600,000 m² in Golgi logistics condominiums

The partnership between Cushman & Wakefield and Golgi, owner and developer of logistics condominiums, began in 2018. In 2021, after a change in the way of working, the relationship between contractor and contractor became even closer.

Stela Hirata • 3/24/2023
smart-cities-tendencias-no-mercado-imobiliario
Article

Smart Cities: Trends that are Changing the Real Estate Market

Innovations in the technological, cultural and behavioral spheres, which influence people's lifestyles, directly impact social development and this is precisely the concept that permeates Smart Cities.
8/22/2019
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