European developments featured in the report illustrate the role flexibility can play in preserving long-term value. Buildings must be capable of accommodating new technologies, supporting different ways of working and serving shifting tenant requirements. The report concludes that decisions taken at the earliest stages of design often determine whether a building remains competitive decades later.
"The real challenge is not to design for today's market conditions, but to anticipate what tenants, investors and cities may need in ten or twenty years. Buildings are completed within a few years, but their usability and appeal span multiple economic cycles," said Aurelia Luca, executive vice president of Skanska's commercial property development business in Hungary and Romania.
The report draws on projects in Stockholm, Copenhagen, Prague and Poznań to show how a long-term approach can help developments retain their value. Beyond the performance of individual buildings, these projects take into account adaptability, urban connectivity, public spaces and everyday user experience. In Warsaw, the Váci út office corridor has evolved into one of the city's principal business districts over the past two decades, shaped by private investment, infrastructure upgrades and changing occupier demands. Skanska's H2Offices development follows the same long-term logic, with the full vision set to be realised upon completion of its final phase.
According to the report, this kind of thinking is becoming increasingly important across the real estate sector. Leasing activity, certifications and transaction volumes remain useful indicators, but they capture only a single moment in time. The true measure of success emerges later, in whether a development can attract people, businesses and investment across multiple market cycles. Skanska Hungary has operated in the country for more than 39 years and has developed over 250,000 sqm of commercial space, with all Hungarian projects certified under LEED, WELL Core and Shell, and Access4you standards.
