Press releases

Analyses

Last Link of eCommerce Accounts for Half of Total Supply Chain Costs

New research from global real estate services firm Cushman & Wakefield, reveals the last link of the eCommerce supply chain can account for 50% or more of total supply chain spend.

Analyses

Cushman & Wakefield: Polish industrial market on course for further growth

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.

Analyses

Retail market remains favourable for tenants

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.

Analyses

Hong Kong Tops Global Ranking of Most Expensive Shopping Streets

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.

Analyses

Cushman & Wakefield’s New Report Shows Real Estate Leaders Continue to See Value in Coworking

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.

Analyses

Occupier activity hits a record high on the Warsaw office market

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. 

Analyses

Tricity has no vacant office space

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.

Analyses

Office supply hits an all-time high in Poznań

With nearly 75,000 sq m of new office space delivered in the year to the end of June 2019, Poznań overtook Katowice, thereby becoming Poland’s fifth largest office market. In addition, according to Cushman & Wakefield’s analysts, net absorption hit a record 42,700 sq m in the first half of the year following the completions of office buildings which attracted many pre-lets in the last two years. “The development activity of institutional developers who worked with local market players resulted in Poznań’s total office stock surpassing the half a million sq m mark. New large projects such as Nowy Rynek and Business Garden came onto the market, which is evidence of occupier demand for new and well-connected office buildings in the city. The centre of Poznań – despite its limited availability of modern office space and several older office buildings whose owners may have to upgrade them in the coming months to adapt them to present-day standards – remains a prime location for investors, particularly on account of the war for talent. The city guarantees companies access to human capital with large numbers of local university graduates entering the labour market each year. In addition, Poznań has been named a Business Friendly City, adding more strength to its market position,” says Grzegorz Bobrowski, Negotiator, Office Agency, Cushman & Wakefield.

Analyses

Retail Dynamics Drive Polarisation of European Shopping Centre Market

Challenges and changes in the retail sector are continuing to impact the dynamics of the European shopping centre market with new research from Cushman & Wakefield showing development activity across the continent is strongly polarised at both a country and city level. Due to its sizeable market, Russia took the top spot for development activity in the first half of 2019 when nearly 200,000 sq m of new space was opened (+13% y/y). More than 50% of new space was delivered in Moscow alone where, despite the delivery of a large shopping centre, vacancy rates have remained unchanged. Italy, Poland, France and Germany completed the list of the top five most active development markets in the first half of this year. Małgorzata Dziubińska, Associate Director, Consulting and Research, Cushman & Wakefield Poland, adds: “The increasing market saturation, changing customer needs and expectations, and the rapid growth of e-commerce are expected to be key drivers shaping the retail real estate landscape in the near future. An optimum tenant-mix with a diverse offer and unique functions is required to enable a shopping centre to stand out against competition and so are architectural and fit-out upgrades to guarantee an exciting and enjoyable experience. Other critical factors include credibility, an appropriate strategy of communication and deepening customer relationships, and high-quality customer service, which is the last but the most important link in customer communication.”

Analyses

New York Extends Lead in Cushman & Wakefield’s Top Cities for Real Estate Investment Index

New York has strengthened its position as the number one global city for real estate investment, growing 20% year-on-year to take the top spot in Cushman & Wakefield’s ‘Winning in Growth Cities’ investment index for the eighth year running.

Analyses

Small Business Unit - a small, big warehouse

Small Business Units (SBUs) are rising up the agendas of firms operating on the warehouse market, a notable trend reflected in rising demand and supply levels.

Analyses

Łódź to see its office market boom in the next 18 months

If all the office projects in the pipeline come to fruition, Łódź’s total office stock will expand by 143,600 sq m by the end of 2020. The city’s office market will, however, remain buoyant, say analysts of global real estate services firm Cushman & Wakefield. Leading developers are likely to soon commence new projects in the very heart of Łódź’s city centre and in the vicinity of Łódź Fabryczna Railway Station.
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