Nearly 80 people took part in the third edition of the Blue Charity Run, which kicked off at 10 a.m. on 12 April and was organised by global real estate services firm Cushman & Wakefield. This year its participants included for the first time not only Cushman & Wakefield employees, but also representatives of other firms. The city game “Across Wola for Autism”, developed by Adventure Warsaw, was a new feature of the run’s format. The funds raised thanks to the participants’ commitment totalled PLN 10,000 and were donated to the Mądre Główki Foundation, which supports families and children affected by autism.
Global real estate services firm Cushman & Wakefield has announced promotions to key positions in its Office Agency and Capital Markets. Krzysztof Misiak was promoted to International Partner while Anna Górska-Kwiatkowska and Paweł Partyka became new Partners.
As shopping centre markets reach maturity in most European countries, there will be growing polarisation between successful prime schemes and struggling secondary sites which are having to diversify to survive, according to new research from Cushman & Wakefield.
The increased interest of global corporations in coworking spaces was a notable trend that impacted on the office markets of the four largest capital cities in Central and Eastern Europe (CEE) in 2018. The total flexible office stock of Budapest, Moscow, Prague and Warsaw stands at 286,000 sq m, accounting for approximately 1% of the combined office market of these cities (29.9 million sq m). Demand generated by coworking operators in 2018 made up 5% of the overall office take-up in the CEE capital cities.
STRABAG, a European construction company, has leased more than 1,000 sq m of office space at Point 75 in Lublin. The tenant was represented by Agnieszka Gułaś and Michał Grabowiecki from global real estate services firm Cushman & Wakefield. The owner of the building is K-Investment.
The Polish real estate market has been on a strong growth path for more than a decade. Its office sector is in good health, evidenced by a high number of new office completions and building permits, rising transaction volumes and the growing capital values of office buildings. On the other hand, the ever stronger competition is forcing real estate owners to further improve sales processes. Against this backdrop, professional marketing services are becoming critical in effective real estate commercialisation.
Amsterdam, Stockholm, Helsinki and Dublin are among the major cities featured in a new research report from Cushman & Wakefield into the coworking and flexible office sectors, which pinpoints future demand and the next likely growth hotspots across Europe. Jan Szulborski, Consultant, Consulting and Research, Cushman & Wakefield, said: “Warsaw witnessed the beginnings of a rapid surge in coworking space supply about seven years ago. Its coworking stock, which currently amounts to 77,400 sq m, has been growing at the annual rate of approximately 70%. The growth of the flexible office sector goes hand in hand with changes to the traditional work concept which has been evolving from cellular offices and open space layouts right through to Activity Based Working. Coworking operators are expected to maintain their current momentum in the coming years, and Warsaw’s flexible office stock is likely to exceed 150,000 sq m. Benefiting from the rapid expansion of coworking operators, Warsaw now leads the way in Central and Eastern Europe in terms of its coworking share of the city’s total office stock (0.9%) and the share of coworking operators in the overall leasing volume (10.7%).”
Global real estate services firm Cushman & Wakefield summarises the Lublin office market at year-end 2018. The growth of the Lublin office market is being driven largely by local developers. In 2018, total office take-up hit 14,100 sq m, which represented an almost 61% increase on 2017’s level and the best market performance on record.
Global real estate services firm Cushman & Wakefield summarises the Łódź office market at year-end 2018. The last four years witnessed robust occupier activity on the Łódź office market, which pushed the city’s vacancy rate down to 8.7%. Due to a limited choice of options, firms searching for offices sized below 1,000 sq m have to opt for buildings completed before 2009. This is expected to improve in 2019 following the completions of several office projects that will provide more than 77,000 sq m in total.
Global real estate services firm Cushman & Wakefield summarises the Krakow office market at year-end 2018. Krakow continued its lead among regional city office markets in 2018. Its total office stock reached 1,257,500 sq m, of which 155,200 sq m was delivered in 2018 alone. 2019 is set to be an even better year with more than 190,000 sq m of office space scheduled for completion across 17 new projects.