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.
For weeks, we have been frightened with the prospect of mass emigration of Ukrainian employees to Germany due to the new legislation that makes it much easier to find employment on the other side of our Western border. Are we really about to face a serious challenge and shortage of labour? Let’s examine this more closely: the draft of the new act has only been approved by the...
Nearly 70,200 sq m of office space is currently under construction on Katowice’s office market, say analysts of global real estate services firm Cushman & Wakefield. Of the six projects underway, the largest is Face2Face Business Campus, comprising two phases with a total of 46,800 sq m.
Lublin’s total office stock remained unchanged at the end of June 2019, flatlining at 191,200 sq m. Despite the lack of new supply, occupier activity was healthy, which pushed the city’s vacancy rate down to 10.6%, representing a 9.1 pp decrease year-on-year.
Krakow’s total office stock amounts to nearly 1.35 million sq m. According to reports from developers, more than 110,000 sq m is expected to be completed by the end of 2019, pushing this year’s new supply up to a record high of 200,000 sq m. “The current situation on the Krakow office market continues to support demand, particularly in terms of a wide choice of office locations. Krakow is attracting strong interest from both new investors including coworking & serviced offices providers and established tenants, as evidenced by the growing volume of new leases and renegotiations. New supply in the city centre accounts for a substantial share of Krakow’s office stock and is being targeted by a high number of firms. Rents hold firm at approximately EUR 13.50/sqm/month, but headline rents in central locations are generally EUR 1.00–2.00/sqm/month higher,” says Dariusz Madej, Senior Negotiator, Office Agency, Cushman & Wakefield.
Sustainable construction on the market of industrial real estate has been one of the more interesting trends in recent years. With the increase of the environmental awareness and the desire to reduce the operating costs of industrial facilities (rising costs of energy), the tenants increasingly often request that the buildings they use be energy-efficient and generally ergonomic. Are ecological warehouses the future of the market?
Global real estate services firm Cushman & Wakefield has published the full version of its Marketbeat report on the Polish industrial market in the first half of 2019. The market remains in very good health, with warehouse supply setting a new high in H1 2019, robust occupier activity and low vacancy rates.
Occupier demand for office space in Warsaw has been largely driven by financial, insurance and IT sectors for several years now. In response to the growing occupier interest in office buildings in the city centre, developers have stepped up development activity, with nearly 850,000 sq m scheduled for delivery by the end of 2021 through projects currently in the pipeline. The healthy balance between demand and supply in Warsaw at the end of H1 2019 kept the city’s vacancy rate and rents largely unchanged compared to the end of 2018. Global real estate services firm Cushman & Wakefield presents findings from its full report “MARKETBEAT Office Market in Warsaw. Summary of H1 2019”.
According to Cushman & Wakefield’s latest DNA of Real Estate Q2 2019 report, the European logistics sector continues to perform strongly with strong rental growth and investor demand driving down yield by 2bps, whereas yields in the European office and retail sectors remained flat.
The Polish industrial market offers a wide choice of suitable warehouse space to let, with achievable rents still being some of the lowest across Europe. Several key aspects are important to obtaining optimum rental rates for a tenant.
Despite progressive automation of logistics processes and development of state-of-the-art systems that handle thepicking, sorting and dispatching of goods to end-customers, many processes will still require manual handling. Therefore, tenants make every effort to attract and above all retain as many employees as possible in their locations. Experts of the global real estate services firm Cushman & Wakefield predict that in connection with the robust growth of the e-commerce market, the demand for warehouse employees will continue to rise. These employees are mainly responsible for the flow of goods within the warehouseprocesses, picking orders as well as for the supervision of the entire delivery process and, above all, for thereturns management. The most recent report ‘How to get the hang of e-commerce in warehouses’ sheds the light on the situation of employees handling the e-commerce market in Poland’s warehouses.