Zagreb
SQMT
SQFT
Space Unit of Measure
EUR convert
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Financial Data Currency[1]
Yes
Transfer Taxes
Office Occupier Market Condition
1,1,1,1
Ease of Doing Business – How conducive is the regulatory environment to starting and operating a business. Source: The World Bank, Doing Business – 2018
Labor Cost – Wages for “Knowledge Workers”. Source: Trading Economics.com, OECD Wage Report, Colliers International
Taxes – Favorability of taxation policies to business. Source: The World Bank, Doing Business – 2018
Tenant Favorable – Assessment of the real estate market condition. Source: Colliers International
Quadrant Legend: Green = Favorable Red = Less Favorable
Landlord Concessions
Fit-Out Concession
The Landlord typically provides a contribution or concession to fit-out as a part of the lease transaction.
Amount of Fit-Out Concession
€50/sm-€150/smTypical range of fit-out contribution.
Rent-Free Period
The Landlord typically provides a contribution or concession in the form of a rent-free period.
Standard Range of Rent-Free Months
1mo.-3mo.Typical number of rent-free months.
Payment of Fees/Commissions
The Landlord typically pays the tenant rep broker’s fee.
Lease Provisions
Lease Term
3yrs.-5yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Quoted market rent typically does not include operating expenses (service charges). There are additional charges that apply to leasing space.
Additional Charges
€1.5/sm-€3.5/smEstimated range for all additional charges per Square Meters.
Additional Charges:
Utilities
Service Charges
Stamp Duty
Electric
Rates
HST
Cleaning
Hydro
Registration Fees
Taxes
Insurance
VAT
Other
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Typical upfront requirements
None for strong credit tenants
Upfront rental payment
Security deposit
Corporate guarantee
Not Applicable
Negotiated Subletting/Assignment
Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement.
Landlord Consent: Typically, the landlord's written consent IS still required.
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment — Landlord Consent
The Landlord's consent IS required.
Statutory Subletting/Assignment Notes:
Statutory Right not specified by lawBlend & Extend Strategies
Typically, a tenant can take advantage of "blend & extend" ("forward renewal", "early renewal", etc.) strategies when the appropriate market conditions exist.
Statutory Early Termination
This is NOT a statutory termination right.
Negotiated Early Termination
It is NOT typical for tenants to be able to negotiate an early termination right in the lease agreement.
Early Termination Notes:
Depends on the agreementWorkplace
Regional Office Space
9sm-11smTypical Square Meters per employee (includes office square footage for employees and contractors).
Zagreb market is typical.
Desk Sharing
Desk-sharing is not a common practice in the market.
Urbanization of the workforce is: Equal to several other considerations driving location decisions
Industrial Occupier Market Condition
1,1,1,1
Ease of Doing Business – How conducive is the regulatory environment to starting and operating a business. Source: The World Bank, Doing Business – 2018
Labor Cost – Wages for “Knowledge Workers”. Source: Trading Economics.com, OECD Wage Report, Colliers International
Taxes – Favorability of taxation policies to business. Source: The World Bank, Doing Business – 2018
Tenant Favorable – Assessment of the real estate market condition. Source: Colliers International
Quadrant Legend: Green = Favorable Red = Less Favorable
Landlord Concessions
Fit-Out Concession
The Landlord typically does not provide a contribution or concession to fit-out as a part of the lease transaction.
Rent-Free Period
The Landlord typically does not provide a rent-free period in addition to the fit-out contribution.
Payment of Fees/Commissions
The Landlord typically pays the tenant rep broker’s fee.
Lease Provisions
Lease Term
5yrs.-7yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Quoted market rent typically does not include operating expenses (service charges). There are additional charges that apply to leasing space.
Additional Charges
€1/sm-€2/smEstimated range in total for all additional charges per Square Meters.
Additional Charges:
Utilities
Service Charges
Stamp Duty
Electric
Rates
HST
Cleaning
Hydro
Registration Fees
Taxes
Insurance
VAT
Other
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Typical upfront requirements
None for strong credit tenants
Upfront rental payment
Security deposit
Corporate guarantee
Not Applicable
Negotiated Subletting/Assignment
Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement.
Landlord Consent: Typically, the landlord's written consent IS still required.
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment — Landlord Consent
The Landlord's consent IS required.
Statutory Subletting/Assignment Notes:
Statutory Right not specified by lawBlend & Extend Strategies
Typically, a tenant can take advantage of "blend & extend" ("forward renewal", "early renewal", etc.) strategies when the appropriate market conditions exist.
Statutory Early Termination
This is NOT a statutory termination right.
Negotiated Early Termination
It is NOT typical for tenants to be able to negotiate an early termination right in the lease agreement.
Early Termination Notes:
Depends on the agreementSection 1. Fit Cost Data
Section 2. Scope of Work Description
[1]Currency conversion works for estimate purposes only and may not reflect real-time values.
