The Polish industrial market remains in very good health, with warehouse supply hitting a record high and robust occupier demand. Global real estate services firm Cushman & Wakefield summarises the third quarter of 2019 on the industrial market in Poland in its latest MARKETBEAT – POLISH INDUSTRIAL MARKET Q3 2019 report.
Poland’s total retail stock topped 15 million sq m at the end of Q3 2019. The high shopping centre density rate in the country’s large cities has shifted developer interest towards less saturated markets of smaller cities and other retail formats such as mixed-use schemes, say analysts of Cushman & Wakefield. Global real estate services firm Cushman & Wakefield has published its latest MARKETBEAT – Retail Market in Poland Q3 2019 report. “Tenants are increasingly securing lease agreements with turnover based rents. They also expect lease incentives such as rent-free periods, shorter lease terms, fit-out contributions or a freeze on service charges. Going forward, market polarisation will widen, leading to marked differences in average rental rates,” says report author Małgorzata Dziubińska, Associate Director, Research and Consulting, Cushman & Wakefield.
Hong Kong’s Causeway Bay has retained its crown as the world’s most expensive shopping street with London’s New Bond Street taking the title for the costliest place in Europe to locate a retail store, according to new data from Cushman & Wakefield. Warsaw Nowy Świat classified on 37th position.
Coworking Europe, the largest European conference on flexible office spaces, organized by SocialWorkplaces.com, will take place at the National Stadium in Warsaw on 13-15 November 2019. Global real estate services firm Cushman & Wakefield has become an ambassador for the event in Poland. “Recent years have witnessed a growing awareness in Poland of coworking and its significance in the office sector, and therefore it’s a great privilege to be an ambassador for Coworking Europe. As the event’s organisers chose Warsaw for the 10th conference, it will be our first ever opportunity to host so many flexible office space experts from across Europe. In addition to the discussion panel ‘How coworking increases real estate and property value?’, which I will be pleased to chair, the event will also be an opportunity to meet Cushman & Wakefield’s professionals from Poland, Russia, Hungary and Romania, and to talk about coworking growth prospects on their respective markets,” said Mikołaj Niemczycki, Associate, Coworking Clients Manager, Cushman & Wakefield.
Global real estate services firm Cushman & Wakefield has been named the Best International Commercial Real Estate Agency in Poland at CIJ Awards for a second year in a row. The awards ceremony was held at Raffles Europejski in Warsaw on 6 November.
Global real estate services firm Cushman & Wakefield has been managing Astoria Premium Offices in Warsaw since the beginning of September 2019. “The Astoria Premium Offices building boasts a sophisticated design with all the advantages of an unrivalled downtown location and one of the most desirable and iconic addresses in the centre of Warsaw. Its tenants include reputable Polish and international companies,” said Grzegorz Dyląg, Head of Business Space, Asset Services, Cushman & Wakefield.
The 10th annual Eurobuild Awards, the most prestigious gala in the commercial real estate industry in Poland, will be held on 3 December 2019 to award the best-performing organisations in the country. On account of the jubilee edition, the event organiser decided to honour real estate advisory firms in the category “Agency of the Decade”. "The last 10 years have seen huge growth of our Polish business with our teams working on some of the most icon properties and transactions. Poland continues to offer significant potential and we look forward to continuing to work with our talent, delivering value and innovative solutions to our clients, well into the next decade," said Charles Taylor, Head of Cushman & Wakefield Poland.
Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Many expect to double commitment to coworking in next five years, according to survey by Cushman & Wakefield and CoreNet Global.
Global real estate services firm Cushman & Wakefield presents an overview of the Warsaw office market after Q3 2019. At the end of September 2019, Warsaw’s total office stock reached nearly 5.6 million sq m, of which 61,700 sq m was delivered across five projects completed in the third quarter of the year. The largest office completions included Wola Retro (Develia, 24,500 sq m), Generation Park Z (Skanska Property Poland, 17,300 sq m) and Libra Business Centre A (Mermaid Properties, 9,800 sq m). According to reports from developers, six office projects with a total area of more than 100,000 sq m are scheduled for delivery by the end of this year, the largest being Mennica Legacy West, which will add over 65,000 sq m to Wola’s office stock.
New office space for lease is being absorbed very quickly in Tricity. In the first half of 2019, the region’s net absorption of 16,300 sq m nearly matched new supply (17,400 sq m). Approximately 50,000 sq m of new office space is scheduled for delivery by the end of 2019.
Global real estate advisor Cushman & Wakefield has further strengthened its advisory offering with the appointment of workplace visionary, Nicola Gillen, to the newly created role of Head of Total Workplace, to drive foresight and alignment across EMEA.