NextGen Conference – Shaping the future of the real estate market

Experts from the leading real estate consultancy CBS International, part of the Cushman&Wakefield group, presented the key trends that await us in 2025 in Serbia, the region and Europe

Where we were last year, and where we will be in 2025 when it comes to the real estate market, are the answers that the experts of the leading real estate consultancy CBS International, part of the Cushman&Wakefield group, offered at the exclusive conference “NextGen World of Real Estate: Trends, Sustainability and Opportunities”, to representatives of the banking sector and insurance companies.

Belgrade’s office space market still records a higher demand than supply, so the total area of available office buildings of 1,392,000 square meters is not enough and by the end of 2025, it will be enhanced by an additional 80,000 square meters. The leader in the development of this segment is the investor AFI Serbia with 230,000 square meters of developed space. Stable rents and the return of employees to offices further encourage investments, which is why co-working spaces have also gained in popularity with a total of 77,352 square meters available.

Retail parks have become the most dominant format of modern retail, with a 40% market share. During the last quarter of 2024, six new parks were opened, and in 2025 we will get ten new ones, with a total area of 134,000 square meters.

The apartment market in Belgrade recorded a growth of 6%, with an impressive 17,350 units sold in 2024 and an average price of EUR 2,623 per square meter. The municipalities of Rakovica, Zemun, Cukarica, Obrenovac and Barajevo recorded the greatest interest, while the central city municipalities are in a slight decline when it comes to demand. New large projects in New Belgrade further stimulate the offer and influence the increase in the price per square meter.

Despite the slight drop in rents, the logistics real estate market remains dynamic, with 130,000 square meters under construction and another 350,000 square meters in the pipeline. The total offer of modern buildings exceeded six million square meters, with the most attractive locations along the Belgrade-Zagreb highway.

Belgrade currently has 134 hotels, of which 57% are in the four-star category. Despite the announced opening of two premium category hotels, the capital still lacks five-star facilities. The highest occupancy is recorded in the spring months, and the growth of congress tourism opens up additional investment potential.

With clear trends and stable indicators, the year 2025 brings new opportunities for growth, investment and shaping the future of the real estate market.

About the company:

CBS International is part of the Cushman & Wakefield group, one of the world’s largest real estate consulting companies, which has over 52,000 employees in more than 60 countries around the world. CBS International has enrolled more than 9,000 clients in its portfolio, providing exceptional service in the areas of real estate valuation and development consulting, investment advisory, letting and selling of office and retail space, letting and selling of residential space, letting and selling of industrial facilities, land sales, market research, project management, marketing, real estate management and maintenance. In addition, it also provides consulting services to real estate owners, investors and tenants on every aspect of real estate business, be it construction, purchase, sale, financing, letting, valuation or real estate management.

CBS International has been operating on the Serbian real estate market for 18 years, while, according to official data, it has been the market leader for 14 years. It stands out with an impressive team of professionals of over 450 employees within the CBS Group, which operates in as many as five markets, with extremely successful offices in Serbia, Austria, Croatia, North Macedonia and Montenegro.

CBS International Beograd

Cushman and Wakefield Group

AFI Serbia

real estate market

NextGen World of Real Estate Trends Sustainability and Opportunities

office space market

office space Belgrade

co working spaces

retail parks

apartment market

apartments Belgrade

price per square meter in Belgrade

logistics real estate market

logistics real estate

hotels Belgrade