ARTICLES LABELLED WITH TAG report

Talent availability is the primary factor when choosing a new location, according to a survey that Cushman & Wakefield in conjunction with CoreNet Global conducted every year since 2016. C&W surveyed global corporate real estate executives across a variety of industry sectors focusing on their key office location strategies and decision drivers worldwide.

According to Cresa, Warsaw’s total office stock has risen by more than 3.75% over the year to 5.42 million sqm and the absorption rate is down by 1.4% compared with Q3 2017. The vacancy rate is at 10%.

Even though we are currently in the late phase of the real estate cycle, no significant drop is expected in the coming period. Jos Tromp MRICS, CBRE’s Head of EMEA Research shared his projections for the European property investment market at Portfolio Property Investment Forum in Budapest. These were his key statements and predictions.

A fleeting trend or a well-thought-out strategy? Cushman & Wakefield presented a report on the use of commercial buildings’ rooftops.

In the third quarter of 2018, the Polish warehouse market was bolstered by 683,400 sqm of new supply. At the end of September, storage space in Poland exceeded 15 million sqm, which means that in the last 5 years the total surface volume has doubled. Almost 2 million sqm remains under construction, of which more than 25% in Central Poland.

Poland's industrial sector remains in great shape. Up to 2.8 million sqm of space was leased and 1.3 million sqm delivered to market from the beginning of January to the end of September 2018. Nearly 2.1 million sqm of industrial space remains under construction, according to JLL.

Colliers International is predicting it will be a further seven years before there is a rebalancing of the physical and online retailing sectors across Europe.

For growing numbers of employees across Europe's big cities, heading into the office no longer entails sitting at the same desk, next to the same colleagues each day. As more companies of all shapes and sizes choose turn to flexible space – whether its hot-desking areas in buildings they already occupy or taking space in independently owned coworking set-ups - it's fast becoming part of modern working life and a small but increasingly significant part of Europe's office markets. Europe's flex space footprint has doubled since the start of 2015, according to JLL's report. In 2017 alone, flexible space grew by 29 percent, adding around 620,000 square meters.

In their early days, start-ups require a flexible working environment and usually opt for co-working space, which, however, is relatively costly in the long term. That’s why it’s important that they do not overstay there and move forward at the right time, says Artur Sutor, Partner and Head of Office Department at Cresa Poland.

Excellent warehouse market figures for the third quarter this year show that growth is being maintained in Poland. Demand has exceeded 3 million sqm since the beginning of the year, with 870,000 sqm leased in the third quarter alone. This result is 20% higher compared with the same period last year. An impressive 2.16 million sqm of warehouse and production space is under construction, of which 33% will be delivered on the market by the end of the year, according to a report prepared by AXI IMMO.