Via Carpatia is a long-awaited EU transport route that is expected to stimulate the economies of Eastern Europe, from the Baltic Sea to the Aegean Sea. The route will significantly strengthen the image of eastern Poland in the eyes of investors, particularly those operating in the logistics and warehouse sector.
Strong-performing retail properties are amongst the most sought-after assets by investors. In 2017, they accounted for 37% or EUR 1,877,000 of Poland’s total investment volume that surpassed EUR 5 billion. Outlet centres which typically generate most of their footfall at weekends may see a decrease in turnover levels.
On 14 March 2018, global real estate services firm Cushman & Wakefield launched its latest report ŁÓDŹ REAL ESTATE MARKET at MIPIM, an international real estate fair hosted in Cannes, France. The report, prepared in cooperation with the Investor Service and International Cooperation Bureau of the City of Łódź Office, contains an overview of the city, its growth potential, numerous revitalisation projects and commercial property market. Its key findings were presented at the Łódź stand at MIPIM by Zuzanna Krech, a Negotiator in the Office Agency of Cushman & Wakefield, and representatives of the city’s authorities.
Warsaw, Poland’s capital and largest city, has a population of more than 1.75 million. It is also the country’s biggest labour market and home to many university-level schools with a strong R&D sector. It boasts a relatively low unemployment rate which stood at 5.6% at year-end 2017 and the highest gross monthly salary averaging PLN 5,432. Warsaw is growing at a rapid pace, combining modernity with history, new business districts with green areas, the latter accounting for 28% of the city’s total area in 2017, and investing in both public transport and alternative means of transport (including 400 km of cycle lanes as at the end of 2017).
The Global Investment Atlas 2018 - launched today at MIPIM at Cushman & Wakefield’s stand (Riviera Stand R7.G9) - reviews international investment patterns from 2017 and anticipates market performance for the year ahead. The latest iteration of the report, published annually, shows the highest level of real estate investment on record with a total of US$1.62tn compared to US$1.43tn in 2016 and anticipates a further improvement in 2018.
Warsaw is an amazing and vibrant city attracting a growing number of tourists by the year. Despite being virtually obliterated in the Second World War, its buildings and infrastructure were rebuilt and the city boldly entered the new century with modern architectural solutions implemented on an increasing scale. Warsaw is also benefiting from the country’s dynamic growth as Poland is one of Europe’s largest and fastest-growing economies. That’s why the city is being targeted by multinational corporates.
Global real estate services firm Cushman & Wakefield has published its MarketBeat report – 2017 Summary for the Largest Regional Office Markets in Poland. Office take-up hit a record high of 674,800 sq m, up by more than 16% on 2016’s level. The strongest leasing activity was recorded in Kraków, Wrocław and Tricity.
China has reclaimed top spot in real estate services firm Cushman & Wakefield’s global ranking of the most attractive markets for manufacturing, confirming its status as the sector’s powerhouse. Last year’s number one ranked country, Malaysia, falls to third place behind Lithuania.
The year 2017 saw the greatest amount of industrial space built in Europe in its history – more than 3.7 million sq m. This represents a 68% increase over 2016 and a 55% increase over the existing record dating back to 2007 (an additional 1.2 million sq m). The total industrial space in the region has increased by 17% as a result. Such are the results of a survey conducted by Cushman & Wakefield, a company that has been monitoring the industrial property market in the Czech Republic, Slovakia, Poland, Hungary and Romania on a long-term basis.
Global real estate services firm Cushman & Wakefield has published a summary of the Polish retail market in 2017 in its latest MarketBeat report. Poland’s total retail stock now stands at 14.3 million sq m, following a 3% y-o-y increase last year with new supply delivered mostly across large-scale retail schemes (sized over 40,000 sq m) in the country’s largest agglomerations, says the report. The consequences of the partial Sunday trading ban could be largely mitigated by strong economic fundamentals.