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Office Market News

Why every building should have a digital layer

When I co-founded Spaceflow four years ago, PropTech (Property Technology)  was just starting to get attention. Since then, the market has evolved massively. Back in 2016, we were lucky enough to be one of the first platforms for digitizing life in buildings. Even though other industries have been largely disrupted by technology (think Facebook, Uber, Netflix and Spotify), for a long time, the real estate market had no real pressure to quickly innovate, implement technologies or even conceive a digital strategy. This great paradox pushed me to introduce the benefits of technology to the industry, and since the beginning, we have had a chance to visit and speak at the PropTech events around the world.  From nice to need  Then 2020 came. The COVID-19 crisis has completely changed the perception and need for technology in every part of our lives and this time, including real estate. What does this mean for us? Buildings have to adapt to the new reality – we all must ensure we live and work in safe and healthy environments. Tech can help to facilitate this with touchless endpoints, occupancy monitoring, air quality data, access to real-time information and more. Landlords need to approach occupiers more closely and make data-driven decisions. One example could be building relationships via digital communication methods and implementing tenant satisfaction surveys to improve the occupier experience. New opportunities in post-COVID life, such as managing spaces as a service, introducing features that attract tenants, supporting flexible leases, and bringing in new sources of revenue when traditional ones get cut. On top of that, tenants now expect fully integrated products and best-in-class support. Believing that landlords can expect challenging times in 2021 and beyond is an understatement. At Spaceflow, we have learned that digital transformation is a process and clients need complete support in that journey. The results are oftentimes not visible overnight, but to bring long-term value, you need to have a strong foundation to build on. The same applies to the landlord-tenant relationship. I believe that the foundation for every building, whether it's an office, residential, or mixed-use project, is integrating data, technology, and people. So tenant experience platforms are quickly transforming from a nice-to-have (2019) to a need-to-have (2021).  To all the buildings out there, are you ready to face today's needs and expectations? I have been fortunate to experience firsthand the growth of PropTech over the past half decade. Nowadays, operators have tech solutions to practically the entire building cycle. In tenant-facing operations, that means single-use cases such as access systems, occupancy monitoring via IoT sensors, energy monitoring, tenant CRMs, and facility management tools. But to really have a strong value proposition, your solution needs to play a role in the entire building ecosystem. All buildings out there need one operating system for their occupiers. Occupiers shouldn’t be expected to have to jump between multiple apps to be able to use their space effectively. Therefore, tenant experience platforms have evolved as the main building integrator, and now play a critical role as an umbrella for almost every use case you could find in a building. This is where the digital journey starts.  Imagine renting an apartment or office. The whole process starts by signing a contract within the experience platform, which grants you immediate access to the entire building community. From there, the tenant experience platform allows you to open doors seamlessly with your phone without the need to use keycards, book a parking spot, invite a visitor, monitor your energy and water consumption, easily report issues to the landlord, order cleaning services, pay your rent, and even terminate the contract. The whole journey, your life in the building, in one place. Just think about how many buildings have none of these processes digitized. It's said that the first step is the hardest, but the rest is an amazing adventure. I believe every building in the world should consider this first ONE step in 2021 and implement a digital layer for occupiers. It’s time to leave the property inefficiencies of the past behind and create environments we all love to spend time in. Is your building up to date?  Lukas Balik, co-founder and CEO, Spaceflow.

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Residential real estate becoming more and more expensive

Compared to the second quarter of last year, housing unit prices were 0.6 percent lower.

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Prices of new apartments in Zagreb and on the Adriatic are rising, and in Lika there is a great demand

Sales of old apartments in the center of Zagreb have almost died down, but all new construction is on the rise, although it is not cheap - the price per square meter is from two to more than 5 thousand euros. Apartments in Split are even more expensive - “we even have 6 to 7 thousand euros per square meter. The limit has long passed the limit of reasonable prices, but while there are buyers, the prices do not fall ", says Meri Vulić, a real estate agent from Split. In Lika, prices have risen under the influence of the corona and there is no vacant land or houses. In Slavonia, on the contrary - houses are sold for 10 to 50 thousand euros, there is a lack of quality new construction, and there are no people because they have moved out. Source: Monitor.hr  

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Creating a Full Building Experience Through the Digital Layer

We all know the feeling. When the weather outside is terrible but we are able to observe it only as spectators, safe and comfortable inside.

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These new flats already come with an application!

Kassák Residence awaits its residents with a pioneering community mobile application, here the apartments also come with plenty of community services, of which this application is a part. The other day it was announced that LIVING, Hungary’s first residential real estate developer offering community services, is expanding its services with a unique community application, which also adds an application to the apartments. The mobile application called Spaceflow will be available for the first time in Hungary to the residents of LIVING’s first project, Kassák Residence. The purpose of the application is to make the daily life of the residents easier and to offer them additional discounts and benefits. WING’s umbrella brand, LIVING, specializes in residential real estate development. Thus, the developer is the first in the country to introduce the Spaceflow mobile application in the Kassák Residence residential park as part of community services. It is good to know that not only in Hungary, but also in Europe, the community application provided to the residents is rare, which is designed to make everyday life easier, and also provides additional discounts and benefits. Daily news and current affairs will be available on the platform, complete with program recommendations and public interest information in the district and city. In addition, residents can expect discounts at nearby cafes, restaurants and gyms thanks to the app. LIVING’s information on community services will also be available on the interface and residents can be in constant contact with the common representative through the internal mail system, without the need for personal contact. Access to the Spaceflow application is provided free of charge by LIVING to the residents of Kassák Residence for one year. “We are very proud to be the first in Hungary to launch a public community management platform and all this during the pandemic. With Spaceflow, we are able to inform homeowners directly and create an opportunity to build a supportive housing community, ”said Vincent Vallois, co-founder of Online Real Assets and Spaceflow. “_LIVING aims to improve the quality of life of its residents with people-centered services and intelligent solutions, which is why we provide them with more community services in all our developments. Our four ongoing projects – Park West 1-2, Metropolitan Garden and Kassák Passage – are all on schedule despite the changed circumstances. We planned the introduction of the community application already in the initial phase of our developments, which has been made even more well by the rise of contactless administration. LIVING aims to be at the forefront of innovative digital solutions, so we are the first to introduce this type of innovation, which also brings extra convenience to residents, ”said János Martin, WING’s Director of Residential Projects. By the way, 99 percent of the apartments in Kassák Residence have already found a new owner, for whom the opportunity to use Spaceflow is already open. At Kassák Residence, residents can meet not only the recently announced community application, but also many other community solutions. It was also recently announced that a car-sharing service for house residents has been launched in collaboration with Share Now! The community shed provides the necessary equipment for more or less technical and DIY work, the contracted cleaning service can be ordered in case of occasional and regular cleaning needs, and Hungary’s first outdoor parcel point in a residential park was also implemented here. As a novelty, free Wi-Fi is available in the public areas of the Kassák Residence. Source:

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Spaceflow unveils visitor management system

Today, Spaceflow is unveiling one of the new extensions that radically improves the occupier and guest experience: the visitor management system. What it means is that you can forget paper logs and boost guest management processes through easy self-registration. Our visitor management system allows you and your occupiers to take control of your guest management processes. Occupiers are now able to pre-register guests through the Spaceflow app, enable them to check-in securely in the reception area by scanning a QR code on a device, get alert notifications once guests arrive. Building operators can analyze visitor logs from the admin console. What are the main benefits for each group? Occupiers can Streamline guests arrival at the building Receive notifications and add event to Gmail/Outlook or any other calendar (.ics file) Visitors can: Receive email invitation (with information, QR code, calendar event) and enjoy having everything for the meeting ready at one place Check in safely at the reception with an only very limited encounter with a concierge/receptionist Landlords and property management can Track visitors in the space via Spaceflow admin console See all relevant data in real-time (guests invited, checking-in, on-site and those who left the site) To successfully launch the visitor management system at your property, you will need: Computer/laptop for concierge/receptionist with access to the web browser Stable internet connection in the reception area (WiFi) Apple iPad Docker and cable lock for iPad To introduce the visitor management system at your property, simply get in touch by sending us a message at [email protected] This extension is available in Advanced and Premium plans. Want to hear first about Spaceflow's new features? Subscribe to our newsletter.  

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A square in Zagreb costs 2,000 euros, and customers pay the most attention to one thing

The start of the new year is great in business terms. In anticipation of a new tender for subsidies, buyers have resumed inspecting the property. Renting apartments is more than good because a lot of clients from the center of Zagreb go to other parts - says Peđa Kovačević, owner of a Zagreb real estate agency. The earthquake frightened some residents who live in the center of Zagreb and decided to move to other parts of the city, writes Večernji list. - Now we are mostly looking at the year of construction, the quality of the building and the construction - says Kovacevic. This is also confirmed by Dubravko Ranilović, the first man of the chamber real estate association, who says that the main topic of conversation, whether it is bought or rented, is the amount of reinforced concrete and the quality of construction. Statistics show that there is still a lot of pressure on housing prices, especially in Zagreb and the coast, while in other parts of the country there is a general decline. New real estate in Zagreb rose in price by about 15 percent in the first part of 2020, while elsewhere it fell by five percent. Ranilović says that currently new construction is more in demand, and obviously that also affects prices. In the center of Zagreb, there is almost no sale of real estate in older buildings. By the way, a year before the appearance of the crown in Croatia, about 4,000 residential buildings with 10.5 thousand apartments were built. Most of the investors are natural persons, people who build houses (there were 2280 such buildings with one apartment), while 943 buildings with exactly 7420 apartments were delivered to the market that year. In the first part of last year, a square meter of a new apartment in Zagreb cost an average of HRK 14,300, while elsewhere in Croatia it was on average HRK 2,000 cheaper. But like all averages, this one doesn’t show a price range. Currently, for example, a new building in Spain is offered for 1,750 euros per square meter, but in one building in Britana, a square meter is also sold for 5,500 euros. The owner of the Zagreb agency, Boro Vujovic, says that it is impossible to find a new building in Maksimir for less than 3,000 euros per square meter, in some parts of Tresnjevka as well, and that another new building is being prepared in Britanac, where apartments could cost 7,000 euros per square meter. - There are people who want to live in the center, whatever the price per square meter - says Vujović. - According to the square footage of newly built buildings, it is most dynamic in Zagreb and in Zadar County, which has almost reached the capital in terms of new square footage. They are followed by Istria, Split-Dalmatia and Primorje-Gorski Kotar counties. The housing market remained active even in the difficult 2020 year, largely thanks to the state and its subsidies, and in September alone the state approved just over 4,000 subsidies to buy an apartment or build a house. In four years, about 17,000 families have been "taken care of", and a new round of subsidies is expected in the coming weeks. This year, the state provided HRK 263 million for subsidized tenants, of which HRK 50 million was intended for new beneficiaries. - However, the volume of trade is not even close to what we had before the outbreak - says Ranilović. Of course, foreign buyers, who dominate among the new owners in the coastal area, were also absent. MacroHub of the Faculty of Economics in Zagreb has compiled a regional price index of apartments based on the prices of apartments sold in the period from 2010 to 2019 from the database of the Real Estate Exchange. According to them, coastal regions have experienced a significant drop in prices. The strongest decrease, both in demand and realized prices, is noticeable in Istria and the northern Adriatic. In Dalmatia, there was a recovery in prices after 2015, as well as in Zagreb, but in 2019 there was a significant drop in prices. Trends in other parts of the country are fairly stable, but sales volumes are small. More transactions (168) were only in Bjelovar-Bilogora County. Source: Poslovni.hr

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Sobočan d.o.o. is a family company from Mursko Središće with 20 years of experience and one of the leading manufacturers of furniture and equipment of high value products in Europe.

Their new product Movo won the European Design Award.

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