Tag: Krakow
High demand in a time of the supply gap
2022 was a good, strong year on Poland's office market. After a downturn, it was time for a long-awaited boom in demand. Companies have adapted to new working conditions. Due to the loosening of...
PINK releases data on the office market in regions for 4Q 2022
Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q4 2022. The data...
Regional cities overtake Warsaw office market
According to “Office Occupier: Office Market in Regions”, a report published by real estate advisory firm Newmark Polska, in 2022 Poland’s regional city markets overtook Warsaw in terms of total modern office stock. Their...
Office supply weakens across regional cities
According to “Office Occupier: Office Market in Regions”, a report published by real estate advisory firm Newmark Polska, vacancy rate held firm in Poland’s regional city office markets throughout the third quarter of this...
The supply gap and what’s next? Is the Polish office market facing changes?
The third quarter of 2022 completes the dynamic new supply period observed on the Polish office market in recent years. Between January and September 2022, developers delivered 39 new investments, which increased the sector's...
What lies ahead for PRS in Poland?
Like years ago, the Polish Private Rental Sector is going through a blooming time as each commercial real estate sector segment. It requires a unification of offers, greater standardization of available space, and self-professionalization....
Speculative construction is a good signal for the market
The industrial market is transforming at high speed. Although development activity appears to have somewhat slowed down, occupier demand remains strong. This is set against the background of very low vacancy rates which are...
Offices are getting more and more expensive and there is no shortage of demand
Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity.
Observation...
The return of the bull market on the Polish office market?
The Polish office market has more than 12.6 million sqm of modern space at the end of Q2 2022. Traditionally, Warsaw remains the leader in total stock, with eight major regional markets led by...
Office demand in regional cities remains strong amid shrinking supply
According to “Office Occupier: Office Market in Regions”, a report published by real estate advisory firm Newmark Polska, occupier demand remained relatively strong in Poland’s regional city office markets throughout the second quarter of...
Office supply hits record highs in regional cities
New office supply in regional cities in Poland hit a record high of 243,500 sq m in Q1 2022, representing an uplift of 5% on the previous peak in Q4 2019, reveals real estate...
Hotels increase their accommodation base
The growing interest in domestic tourism is conducive to the development of accommodation facilities in resorts. Interesting city hotels are also opening. The current year should bring stabilization in the hotel industry as more...
Rising student numbers in Europe to drive PBSA demand
A rapid growth in student numbers will drive demand for student housing in the next five years across all larger European university hubs – especially major Spanish and Italian cities, Savills forecasts. Also in...
Rising mobility is a positive sign for the office market
According to Savills, in the third quarter of the year preliminary data for the European office markets shows take-up had increased 15% year-on-year, although still below the five year average. Positive office market data...
A sign of promising times for the office market in Poland
The Polish office space market situation at the end of Q3 2021 allows for an optimistic view of the sector in 2022. Demand remaining at a similar level to last year and the expected...
Relative tranquillity on the office market in Poland
The condition and mood of the office market in Warsaw and eight major regional markets (Kraków, Wrocław, Tricity, Poznań, Łódź, Katowice, Lublin and Szczecin) after the first half of 2021 register a visible slowdown...
Will ‘revenge demand’ revive the hotel sector?
The 75% occupancy limit does not mean working at full capacity, but the recovery of the hotel market is driven by the return of holiday travel and stronger demand for hospitality services. Although the...
Potential development directions of the Krakow warehouse market
North, south, east, or maybe west - which of these directions is the most favourable for the growth of the warehouse market in Kraków? Currently, Kraków is one of the smaller logistics and industrial...
Residential sector on the rise to comprise 30% of European investment volumes in this...
Despite regulatory and market challenges, lack of supply, rising rents and strong demographic fundamentals set to expand residential sector
Investors flocking to residential housing as a safe-haven asset, given the diversity of options...
Industrial and logistics real estate will be the investment market’s workhorse in 2021
2020 was a record year for I&L investment volumes with ca. EUR 3.3 Billion transacted and a 32% share of the total annual volumes according to “The CEE Industrial Scene 2020-2021” just released by...