Tag: Savills

Only 60,900 sq m of office space was completed in the Polish capital in 2023, the lowest total in the history of the Warsaw office market. Real estate advisory firm Savills also notes that...

Average office occupancy rates across eight major European markets have risen in the last six months from 55% to 57%, says Savills, however on Tuesdays and Wednesdays the average is 64% and 62% respectively,...

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...

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...

Office availability on the Warsaw office market is shrinking, with the vacancy rate for the whole city down to 10.6% and to just over 9% in the centre, says real estate advisory firm Savills....

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...

More and more businesses in Poland, particularly from the real estate and retail sectors, are interested in acquiring photovoltaic installations under a service model (PV as a Service - PVaaS). Apart from the potential...

Danuta Dzierżak, an experienced warehouse market expert, has joined the Industrial Services Hub of real estate advisory firm Savills as Associate Director with responsibility for providing comprehensive advisory services to industrial tenants, developers and...

A record 2.6 million sq m of warehouse and industrial space was delivered across Poland in the first half of 2023 amid clear signs of new-build construction slowing down. The Polish industrial and warehouse...

According to Savills latest Spotlight, Semiconductors and the Logistics Sector, Europe’s share of semiconductor production will need to more than double to reach the EU Chips Act’s target of 20% of global output by...

1.2 billion sq m of space is required globally in the next decade to satisfy growing demand for the top three ‘alternative’ property sectors, says Savills, providing a major opportunity for investors. The international real...

The Warsaw office market is seeing signs of upcoming renewed development activity, says real estate advisory firm Savills. Three new office buildings were delivered in the first half of 2023, but a significant increase...

According to Savills latest European Logistics Outlook, growth in prime rents is set to remain robust across the continent having increased by 10.4% in the last four quarters. This is despite vacancy creeping up...

New office supply in the first three months of 2023 totalled 68,100 sq m and was delivered in three cities only: Krakow, Wrocław and Tricity. According to international real estate advisory firm Savills, at...

No new office completions were noted in Warsaw during the first quarter of 2023, with office take-up falling by 40%. Key challenges facing office tenants hoping for an economic turnaround, as forecast by real...

According to Savills latest European Logistics Outlook, take-up of industrial & logistics space across the continent totalled 37.5 million sq m in 2022. Despite ongoing economic uncertainty, this signifies a fall of only 6%...

In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and rising occupancy costs. The expected decline in new supply and shrinking land availability...

According to Savills latest research, pricing levels are increasingly attracting North American investors to European real estate. In 2022, North Americans invested more than Europeans cross border, €48bn compared to €36.6bn, which is 31%...

According to Savills latest research, the European gaming sector is primed for revenue growth of 8% per annum over the next five years, driven by rising user growth, digital adoption, corporate investment and a...

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...