ARTICLES LABELLED WITH TAG Cushman&Wakefield

In line with the growing popularity of flexible and hybrid work models, many companies are relocating, changing size and trying to re-fitting their offices. This could be one of the reasons why Prague placed second in the CEE region in terms of the price of fitting out an office. Nevertheless, the key reasons are the tightening supply chain and challenges around labour, which are set to continue well in 2022 and beyond. The average costs per sqm in Prague are currently €1,037, which is half of what it is in top German cities or in the UK where the median cost exceeded €2,000, Cushman & Wakefield presents in their report.

Cushman & Wakefield has released a report summarizing the first quarter of 2022 on the Polish industrial market. According to its data, total warehouse take-up in the first three months of this year reached 1.56 million sqm while the development pipeline hit a record 4.8 million sqm.

Cushman & Wakefield has published a summary of the first quarter of 2022 on the largest office markets in Poland. New supply rose by 60% year-on-year, while the overall vacancy rate edged up by 1.7 pp.

As Head of Workplace Strategy in Poland, Mariola will continue to develop her local team and implement new technologies in such areas as workplace strategy, change management, WELL certification and ESG in response to the growing expectations of clients and the changing business environment. Mariola is a member of Cushman & Wakefield’s sustainability team with key responsibility for WELL certification.

Cushman & Wakefield’s latest DNA of Real Estate research, covering trends in prime rents and yields across Europe, highlights further strengthening in leasing and investment markets in the first quarter of 2022 as economies fully reopen from the pandemic.

The beginning of the year was marked by the Russian invasion of Ukraine which caused various obstacles to the Slovak economy. It pushes inflation up to the highest in 17 years as also the prices of food, housing and energy. Nevertheless, the lifted lockdown measures helped boost retail sales and new office leases surpassed renegotiations for the sixth quarter in a row. Experts also saw a record quarter with substantial take-up and plunging vacancy rates, Cushman & Wakefield Slovakia presents in their new report on the Slovak economy.

The Central & Eastern European real estate market has registered an investment volume of €2.8 billion in Q1 2022, up 44% year-on-year. By volume, the lion’s share of the deals was realised in Poland (59%) and the Czech Republic (32%). Cushman & Wakefield has summed up the investment market in the CEE region.

There is currently over 46 million sqm of industrial space in the CEE region, of which one-fifth is in the Czech Republic and the largest part – more than a half – in Poland. There is more than 900 sqm of industrial space per thousand inhabitants in the country. Just 1.6% of the space in Czechia is currently vacant. A record-breaking 1,112,000 sqm is currently under development in the Czech Republic – the highest figure in history. Demand on the part of logistics, distribution and e-commerce companies is growing. Cushman & Wakefield has analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia) in 2021.

Cushman & Wakefield has been appointed as the property manager of two Warsaw buildings in HIH Invest Real Estate’s portfolio: Feniks Office Building and Prime Corporate Center.

​Given that the global tech giants are primarily headquartered outside Europe, analysing the recent trends in Foreign Direct Investment (FDI) can help to identify which locations are proving attractive for data centre operations. Cushman & Wakefield’s latest findings confirm that the largest investment activity continues in mature tech and financial hubs in Western Europe. A key driver for activity in this group of locations is the proximity to the high economic activity of these increasingly digitised markets, writes Dimitris Vlachopoulos, Partner, Head of Portfolio & Location Strategy, EMEA for Cushman & Wakefield.