Tag: ESG
The office market is adapting to the new reality
Demand for offices remains high, but there is the least amount of space under construction in over a dozen years. The office real estate market is changing more and more.
Just four years ago, the...
The Cotton ‘Fabric of Our Lives’ Rally
Struggling commodities are finally seeing some relief, thanks to firmer global growth, a stabilizing US dollar, and supply-side weather disruptions. Cotton has been a leader in this catch-up. This ‘fabric of our lives’ plays...
Warsaw Office Market Prepares for Rising Rents
As of the end of 2023, Warsaw remains the leader on Poland's office market, but 61,000 sqm (-74% y/y) completed in the last 12 months was one of the lowest results in its history....
Low supply and ESG are key drivers of office building upgrades in Warsaw
According to “Office Occupier – Warsaw Office Market”, a report published by real estate advisory firm Newmark Polska, 2023 on the Warsaw office market was a year of stable occupier demand, moderate development activity...
Real estate will maintain the status quo Forecasts for commercial real estate market in...
In 2023, Polish investment market, like foreign markets, saw low investor activity. The value of investment volumes in all real estate sectors was much lower than in previous years. Investors are waiting for an...
Service centres occupy over half and 45% of the office stock in Krakow and...
Although employment in the shared services sector is growing by the year, this has not led to stronger demand for office space. However, SSC/BPO/R&D centres remain key office tenants in Krakow and Wrocław. Warsaw...
Polish industrial market 2023 overview and outlook for 2024
Poland's industrial sector slowed in 2023, but the market hopes to rebound in 2024. After the peak of take-up and supply in the so-called COVID period falling in 2020-2022, the logistics and manufacturing market...
Polish office market – summary of 2023 and outlook for 2024
Following - supply gap, stable quarterly take-up, remote working in the Labor Code, prop-tech, ESG, and demolition - Poland's largest advisory firm, AXI IMMO, presents six key trends on the Polish office market with...
Polish real estate market predictions for 2024
The Polish investment market is currently characterized by relative liquidity and low total volume of investment compared to previous years, which is due to the macroeconomic, geopolitical situation and market development. According to experts,...
Polish Council of Shopping Centers and Polish Chamber of Commercial Real Estate Release ESG...
The Polish Council of Shopping Centers and the Polish Chamber of Commercial Real Estate have jointly prepared the compendium "ESG for Commercial Real Estate. Selected Topics and Practices". This unique guide collects the work...
Polish Hotel Market on the Rise: Demand, KPIs, Modernization, and ESG
Based on the latest Trends Radar report "Real Estate on the wave of change" prepared by the international consulting agency Cushman & Wakefield, the hotel market in Poland is recording consistent increase in demand...
Krakow cements its position on the office market with new office projects and stable...
According to the latest report from Newmark Polska, Krakow’s total office stock will surpass 1.8 million sqm in 2023, posting an annual growth of 5.5%. Occupier demand remains strong despite global economic headwinds. Krakow...
Polish office market faces challenges, but outlook remains optimistic
The decline in investment volume, which has been recorded this year in all sectors of the real estate market in Poland, is particularly visible in the office segment. Despite the relative recovery that could...
Poland’s Financial Sector Gears Up for Green Transition
The green transformation in Europe is increasingly influencing all sectors of the economy, including the financial industry. Successive regulations are forcing banks and other institutions to consider ESG issues when making decisions about granting...
Commercial Real Estate Market – Summary of 2023 and Forecasts for 2024
The consulting firm Savills has provisionally summarized the year 2023 and outlined forecasts for the most important trends. In the near future, the commercial real estate industry in Poland will face the challenge of...
Regional cities see demand for office space grow
New office supply reached nearly 236,000 sq m in Poland’s key regional cities in Q1-Q3 2023, says international real estate advisory firm Savills. Gross take-up for the same period amounted to over 531,000 sq...
Warsaw Office Market: Demand Stabilises as Vacancy Rate Falls
According to “Office Occupier – Warsaw Office Market”, a report published by real estate advisory firm Newmark Polska, tenants on the Warsaw office market continue to carefully review their needs, including potential office locations,...
Investors are willing to undertake a more aggressive investment strategy for Europe real estate
According to a survey conducted by international real estate advisor Savills* involving real estate investors with total Europe and Middle East assets under management (AuM) exceeding €500bn, almost a third of investors are looking...
Investors return to the IPO market
Over the last nine months, the number of initial public offerings (IPOs) announced worldwide has dropped by 5%, and the revenue associated with them has shrunk by as much as 32%. During the first...
Outsourcing on the Rise as Businesses Seek to Adapt to Changing Tax Landscape
The globalization of regulations, frequent changes in the law, and the growing digitalization of settlements are prompting businesses to reorganize their tax functions and teams. It's becoming imperative for companies to hire external experts,...