ARTICLES LABELLED WITH TAG Newmark

According to a report published by Newmark Polska, despite an observed slowdown in occupier and developer activity, the European warehouse market continues to expand and is searching for a new equilibrium point. Green solutions are increasingly making their way into both warehouse facilities and logistics operations. Despite the challenges facing the warehouse sector across the European Union, this market shows strong growth potential, particularly in regions capable of adapting to new trends concerning both tenant needs and new regulations.

According to a report published by Newmark Polska, in the third quarter of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter. Office take-up, previously dominated by renewals, saw a notable increase in pre-lets which accounted for 22% of the total leasing volume. Meanwhile, Warsaw’s vacancy rate continued its downward trend observed since the beginning of the year.

XBS Logistics and XBS PRO-LOG of the XBS Group have leased over 90,000 sqm in total across four industrial parks near Warsaw. The tenant was represented during the lease negotiations by Newmark Polska.

Warehouse tenants are adopting increasingly advanced technologies to meet client requirements, but at the same time, they also need to be mindful of employee wellbeing. Standard buildings in industrial parks are not enough. Companies need customised warehouses and tailor-made solutions, say experts from Newmark Poland.

According to a report published by Newmark Polska, occupier activity on Poland’s largest regional city office markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, Szczecin) remains stable, but tenants are increasingly focusing on workspace efficiency and looking for better quality offices. Almost 70% of the total leasing activity across the regions is concentrated in Kraków, Tricity and Wrocław. With office availability in existing buildings in regions remaining high and estimated at nearly 1.2 million sqm, developer activity remains limited.

According to the latest report by Newmark Polska, transaction volume in the Polish warehouse market in the first half of 2024 totalled more than 2.72 million sqm, up by 22.7% from the same time last year. Poland’s total warehouse and industrial stock surpassed 33.5 million sqm, a 9.5% rise year-on-year.

According to a report published by Newmark Polska, the Warsaw office market has entered a period of stabilization, with development activity continuing at a moderate but steady pace. During the second quarter of 2024, the Polish capital’s vacancy rate edged down over the quarter, while more and more tenants chose to renegotiate leases. Meanwhile, the growing occupier demand for sustainable and high-tech offices led to an increase in refurbishment or repurposing projects.

More and more foreigners are moving to Poland to work in the logistics sector, which already accounts for approximately 20 per cent of all foreign nationals working in Poland. The largest groups by nationality are Ukrainians, Belarussians and Georgians. Other rapidly growing cohorts of migrant workers come from India, Nepal, Bangladesh and Pakistan.

According to the latest report by Newmark Polska, the Polish warehouse and industrial market saw less than 1 million sqm transacted in the first quarter of 2024. At the end of March, the development pipeline stood at more than 2.3 million sqm while vacant stock in standing buildings experienced another rise. An increase in both developers’ and tenants’ activity is, however, expected to be spurred by long-awaited cuts to interest rates.

Warsaw is a great place to locate small business units (SBUs). Although small and flexible warehouse modules have been trending for years, it takes several months to secure prime space in such facilities in the Polish capital, say experts of Newmark Polska.