Cushman & Wakefield’s quarterly Fair Value IndexTM – which analyses 122 European office, retail and logistics markets – is at ‘Fairly Priced’ for the first time since 2009 when the region’s property markets were starting their recovery from the Global Financial Crisis.
Tenant demand for modern logistics and manufacturing space in Poland is growing at a rapid pace. In H1 2017, warehouse supply totalled 707,000 sq m while take-up hit a record high of 1,786,000 sq m, as revealed in Cushman & Wakefield’s report “MARKETBEAT: Polish Industrial Market in H1 2017”.
Poland has approximately 15,000 pharmacies, of which nearly 5,500 are chain pharmacies. The pharmaceutical law amendment, called “pharmacies for pharmacists”, introduces restrictions on establishing new pharmacies.
The Polish office market has seen rapid growth with Warsaw’s office stock more than doubling over the last ten years, as revealed by global real estate services firm Cushman & Wakefield in its cyclical report Skyline Tracker, outlining modern office supply forecasts.
The volume of hotel transactions achieved in the first half of 2017 was more than EUR 700 million with 34 transactions recorded in core CEE markets*. In comparison, 2016 achieved just over EUR 630 million with 20 transactions, in the same period. This makes 11 % percent yearly increase. To compare, the western markets** experienced just 0,3 %. Cushman & Wakefield predicts the year 2017 to outperform the strong results of 2016.
Across the globe, an unprecedented office building boom is underway with more than 700 million square feet (MSF) of space under construction that will deliver between now and the end of 2019, Cushman & Wakefield’s Global Office Forecast reports. That’s the equivalent of recreating five cities worth of office inventory – Washington, DC, Dallas, London, Singapore and Shanghai – over the next three years.
Polish Office Research Forum has published its figures for Q2 2017 for office market in Warsaw. The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.
Developers and landlords who invest to create offices that embody the occupier-driven focus on wellbeing will reap their rewards commercially while those that don’t face diminishing returns, according to a new report from Cushman & Wakefield.
Spending on eating out in Poland has risen by more than 20% over the last five years. Based on data from Oxford Economics, food and beverage (F&B) expenditure is forecast to continue to rise in the next decade due to a number of factors, including strong economic fundamentals, rising affluence, changing preferences and consumer needs.
The increasing presence of food and beverage (F&B) options in shopping centres – often accounting for more than 20% of units in new and redeveloped schemes in more mature markets – is being driven by rapid global growth in consumer spending on eating out, according to a new report from Cushman & Wakefield.
Nearly half of European commercial real estate lenders expect an increase in new loan originations within the next six months as competition remains for lending on prime buildings in trusted markets across the continent, according to Cushman & Wakefield.