Strong, self-reliant economic centres are emerging amid ongoing supply chain disruptions and competition for natural resources. Europe is expanding its manufacturing and warehouse base, while Poland, with its skilled labour, lower labour costs than in the West and its mature and buoyant industrial and warehouse market, will be one of the key beneficiaries of these changes, says Piotr Kaszyński, Managing Partner, Newmark Polska, in an interview with Property Forum.

Newmark Group announced an agreement with Budapest-based VLK Consulting, which will become Newmark VLK Hungary. The announcement follows a recent agreement with a leading Polish commercial real estate firm operating as Newmark Polska.

Newmark Group, Inc., today announced that it has fortified its presence in the CEE market through an agreement with a leading commercial real estate group of experts in Poland, which formerly operated as Cresa Polska. The team will provide a full spectrum of client services in Poland and the surrounding area, operating as Newmark Polska.

Office development has slowed down due to property market uncertainty. In the meantime, employees have returned to offices and companies have resumed relocations. The ensuing supply and demand imbalance is likely to result in a supply gap over the coming year or so which will continue at least until 2025, say Cresa agency experts.

According to “Office Occupier: Office Market in Warsaw”, a report published by Cresa Poland, total leasing volume for the first three quarters of 2021 topped 398,100 sqm, accounting for 51.2% of the annual average for 2015-2020.

ITM Baza Poznańska, a Musketeers Group company that specializes in warehousing of products sold through the Group’s Intermarché and Bricomarché stores, has leased 13,000 sqm of warehouse space in Panattoni Park Sosnowiec I. The tenant was represented during lease negotiations by Cresa Poland.

According to “Office Occupier: Office Market in Warsaw”, a report published by real estate advisory firm Cresa Poland, total leasing volume reached close to 249,300 sqm in the first half of 2021, accounting for 32.1% of the annual average for 2015-2020.

The growth of intermodal connections along the New Silk Road and the Baltic-Adriatic Corridor is creating many new opportunities for warehouse developers in Poland. Upgrade works are continuing apace on the railway lines in Małaszewicze, Bydgoszcz and Pomerania, according to Cresa Poland.

According to Cresa Poland analysts, modern class A warehouses are now far more superior than out-of-town facilities built 10-15 years ago. They provide top-grade space in terms of location, accessibility and warehousing solutions.

The Polish office market was booming until the pandemic struck. 2020 brought many changes and a downturn in developer and tenant activity. How is the market doing in the new environment it found itself in over a year ago? Real estate advisory firm Cresa has analysed the current levels of pre-lets and the office development pipeline in Poland.