Tirana
*
Space Measurement Standard
Space Unit of Measure
EUR
- Convert currency to:
- ALL - Albanian Lek
- ARS - Argentine Peso
- AUD - Australian Dollar
- BRL - Brazilian Real
- BGN - Bulgarian Lev
- CAD - Canadian Dollars
- CLP - Chilean Peso
- CNY - Chinese Yuan Renminbi
- COP - Colombian Peso
- CRC - Costa Rican colón
- HRK - Croatian Kuna
- CZK - Czech Koruna
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- EGP - Egyptian Pound
- AED - Emirati dirham
- EUR - Euro
- HKD - Hong Kong Dollar
- HUF - Hungarian Forint
- INR - Indian Rupee
- IDR - Indonesian Rupiahs
- ILS - Israeli new shekel
- JPY - Japanese Yen
- KRW - Korean Won
- MXN - Mexican Peso
- MAD - Moroccan Dirham
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- PEN - Peruvian Sol
- PLN - Polish Zloty
- GBP - Pound Sterling
- RON - Romanian Leu
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- RSD - Serbian Dinar
- ZAR - South African Rand
- SEK - Swedish Krona
- CHF - Swiss franc
- THB - Thai Baht
- TRY - Turkish Lira
- UAH - Ukrainian Hryvnia
- USD - US Dollars
Financial Data Currency
Yes
Transfer Taxes
Notes:
*No international Space Measurement Standard applicable, local standard is applicable, but measurement can vary from developer to developer.Office Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for skilled office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for office space. Source: Colliers
Typical Loss Factor
20%From rentable to useable square meters
Loss Factor Notes:
*For residential buildings the report is 90-10%, for shopping centers it is 75-25% and for business centers it is 80-20%.Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
€2/sm-€5/smTypical range of fit-out contribution.
Fit-Out Cost Notes:
10%-20%.Rent-Free Period
Rent-Free Period Notes:
The rent-free period is given to the tenants during the time of fit-out. Other than that, they don't give out rent-free periods.Payment of Fees/Commissions
Lease Provisions
Lease Term
1yrs.-10yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
€1/sm-€3/smEstimated range for all additional charges per Square Meters.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Requirements Notes:
Security deposit of 3 months.Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Negotiated Subletting/Assignment Notes:
This depends on the lease agreement and relationship between the landlord and tenant, but mostly it is allowed.Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Blend & Extend Notes:
Early renewal is possible as specified in the lease agreement, but typically 3-6 months prior to contract expiration.Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
It is a statutory termination right unless otherwise stated in the lease agreementTypical cost: 3-6 months of the rental guarantee based on the length of the contract
Obligations Upon Lease Expiration
Tenant Obligation Notes:
This can depend on the lease agreement. It can be as easy as clean up, but it can also be returning the space to its original condition, which means removal of furniture but also particular to the tenant installations.Workplace
Workplace Notes:
We have not conducted such studies in Albania and no such data exists, so sqm/employee depends very much on the employer's side. The lowest sqm available would probably be for BPOs at 3 m/employeeDesk Sharing
Desk Sharing Notes:
For BPOsIndustrial Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for manuafacturing and warehouse/distribution office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for industrial space. Source: Colliers
Landlord Concessions
Fit-Out Concession
Rent-Free Period
Payment of Fees/Commissions
Lease Provisions
Lease Term
1yrs.-5yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
€1/sm-€2.5/smEstimated range in total for all additional charges per Square Meters.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Requirements Notes:
Security deposit of 3 months.Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Negotiated Subletting/Assignment Notes:
This depends on the lease agreement and relationship between the landlord and tenant, but mostly it is allowed.Statutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Blend & Extend Notes:
Early renewal is possible as specified in the lease agreement, but typically 3-6 months prior to contract expiration.Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
It is a statutory termination right unless otherwise stated in the lease agreementTypical cost: 3-6 months of the rental guarantee based on the length of the contract
Obligations Upon Lease Expiration
Tenant Obligation Notes:
This can depend on the lease agreement. It can be as easy as clean up, but it can also be returning the space to its original condition, which means removal of furniture but also particular to the tenant installations.Project Management
Section 1. Fit Cost Data
Total Fit-Out Cost
Total Fit-Out Cost Notes:
The fit-out cost refers to the total cost of design, construction, and installation for a space. It includes categories such as materials, labor, furniture, fixtures, equipment, finishes and other related costs. The specific factors influencing the total fit-out cost can vary widely depending on the project scope, location, size of the space, quality of materials, and complexity of design.Section 2. Scope of Work Description
Phase 1: Services Before and During the Transaction
Phase 2: Service Before and During the Design Process
Phase 3: Services Before Construction
Phase 4: Services During Construction
Additional Services: Services During Relocation
Additional Services: Project Management Services Related to Furniture/Workstation Procurement
Operating Environment Rankings reported on a scale of 1 (least favorable) to 10 (most favorable).
Human Capital
High School Education Equivalent
Proportion of population attaining this level
University Education Equivalent
Proportion of population attaining this level
Overall Education
Composite average of High School & University
Human Capital Composite
Business Climate
Innovation
Presence of innovative factors in economy
Business Environment
Friendliness of business environment
Corporate Tax Rate
Favorable corporate tax rate
Business Climate Composite
Operating Environment Composite
Combined average score of Human Capital and Business Climate factors