ARTICLES LABELLED WITH TAG Cushman&Wakefield

According to the latest report from Cushman & Wakefield, office demand across Poland’s office markets is expected to remain stable in the near future, on a par with the levels recorded in 2022-2023, with vacancy rates anticipated to edge down in both Warsaw and regional cities amid gradual market stabilisation. Office development activity is likely to remain subdued in the coming years, creating new opportunities for office stock refurbishment. Despite this, the Polish market offers some of the finest-quality office spaces in Europe. For example, Cushman & Wakefield reveals that the percentage of office stock in Warsaw at risk of becoming obsolete by 2030 is low, at 40%. By comparison, the average for seven key Western European markets (Amsterdam, Barcelona, London, Madrid, Milan, Paris and Stockholm) is nearly twice as high, at 80%.

Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

According to data from Cushman & Wakefield, a third of Poland’s approximately 33 million sqm of industrial stock was built in the last three years, with half of it less than five years old. Despite being young, the Polish industrial market is very mature, necessitating industrial asset owners to embrace appropriate optimisation strategies and cyclical risk assessments. Key to this process is the adoption of a multifaceted approach and prioritization of ESG goals, reveals Cushman & Wakefield’s latest report.

Torus Group and J&T Banka have announced their signing of a loan agreement for Gdynia City Logistics - an urban logistics park developed and managed by the borrower.

According to the latest report from Cushman & Wakefield, Poland recorded the second-highest industrial take-up in Europe between January and September 2024. Looking ahead, robust demand, coupled with a decline in speculative construction, is likely to tighten the availability of warehouse space for lease.

In this year’s 34th edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Republic, represented by Pařížská Street, secured 20th place. For the first time, a European street, Via Montenapoleone in Milan, claimed the title of the world’s most expensive shopping street, surpassing the American Upper 5th Avenue in New York. The most expensive street in Asia is Tsim Sha Tsui in Hong Kong.

Jan Čížek, Head of the Retail Warehousing Team with over 15 years of experience in the retail real estate sector, has become a partner at Cushman & Wakefield.

CEE is one of the most promising locations for e-commerce, according to the latest report from Cushman & Wakefield. In addition, data from Cushman & Wakefield shows that Poland accounts for over half of the turnover reported in the CEE region. The growth outlook for the Polish e-commerce sector is even more positive, as logistics costs in Poland - which are strategically important for e-commerce - are 18% lower than in the Czech Republic and 50% lower than in Germany.

Cushman & Wakefield has summarised the third quarter of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market. Meanwhile, stagnation on the supply side, coupled with limited construction activity, is likely to push vacancy rates down in the future.

Experts from Cushman & Wakefield note in their latest report that the residential sector in Poland is developing ESG strategies focused on environmental aspects. However, PRS and co-living investors are also undertaking community-oriented initiatives.