This year, we became the main partner of the 108 REAL ESTATE Czech and Slovak Surfing Championship 2026—and it was a fantastic event that we were thrilled to be a part of.
Once a year, the entire team of 108 gets together in one place. This year it took us to the Beskydy Mountains - specifically Ondráš's yard - and we had a blast from Wednesday to Friday.
Investment in industrial real estate in Europe fell by 21% year-on-year in Q1. The blame lies with the uncertain and less predictable global economic situation, or the impact of geopolitical instability in the Middle East, affecting in particular the performance of the logistics market. The total volume of EUR 7.5 billion for which warehouses and production halls on the European continent changed hands in the first quarter of this year is below the long-term quarterly average. However, data from real estate consultancy 108 REAL ESTATE, shared with BNP Paribas Real Estate as part of an alliance, shows that compared to traditional investment dominants such as France, the Netherlands, Germany and the UK, investor activity grew in Central European countries.
Investment in industrial and logistics real estate in Europe fell by 21% year-over-year in the first quarter of 2026, with the decline extending across markets—France -52%, the Netherlands -43%, Spain -39%, the United Kingdom -29%, Germany -11%. The only major market that bucked the trend significantly was Poland, with growth of 121%.
Demand for logistics and industrial space in major European markets fell slightly by 4% in the first quarter of 2026, with significant differences between countries—it strengthened in the United Kingdom, Spain, and Germany, while it declined in France and the Netherlands. Meanwhile, prime rents rose by 2.7% year-over-year across 45 markets in 21 countries.
Office leasing volume in 18 major European markets totaled 1.67 million m² in the first quarter of 2026, down 16% year-over-year and by the same percentage below the five-year average. The main reason is a slowdown in large transactions; amid economic uncertainty, tenants are opting for smaller, high-quality spaces.
The volume of commercial real estate investments in Europe reached 36.4 billion euros in the first quarter of 2026, down 7% year-over-year and 16% below the five-year average. The slow recovery of the past two years lost momentum in the first quarter.
Want to do real estate differently than the competition? At 108 REAL ESTATE, we have a clear goal - results. But that doesn't just happen at the computer - we move things forward by being active, meeting and inspiring each other
Last year was not just about numbers, square metres and closed shops for us. It was about concrete gestures that make a difference - steps, gifts and actions that make a difference in the lives of those around us.
