ARTICLES LABELLED WITH TAG Cushman&Wakefield

Cushman & Wakefield has summarised the performance of Poland’s largest office markets in the first quarter of 2025. In the first three months of 2025, office leasing volumes rose year-on-year by 16% in Warsaw and 27% in regional cities. Meanwhile, new supply remained low, with a rebound in development unlikely before 2027.

In the first quarter of 2025, Poland’s retail leasing market stabilized and the retail sector saw a notable rebound in investment transactions, with the best first-quarter performance in three years. According to Cushman & Wakefield, growing investor appetite is leading to a gradual improvement in financing availability, signalling a further increase in investment market activity.

Prime rents on Europe’s leading shopping streets, in shopping centres, and retail parks have increased on average during 2024. Leisure concept operators have been the most active segment, occupying 20% more floor space year-on-year, according to a study by Cushman & Wakefield. 

Only one office project was completed in the Prague office market during Q1 2025, adding 8,700 sqm to the total stock of 3.96 million sqm, reveals Prague Research Forum in its Office Market Figures for Q1 2025.

After a record-breaking end to 2024, the residential new-build market in Bratislava has cooled slightly in Q1 2025. According to data from BuiltMind in cooperation with Cushman & Wakefield, 527 units have been sold in the first quarter of 2025. 

Traditional shopping centres and retail parks continue to attract visitors and remain popular destinations for shopping, socialising and entertainment. They are valued for their modern facilities, strong offerings and appealing promotions. But do customers prefer retail parks for grocery shopping? Where do they tend to purchase clothing or cosmetics? What is the demographic profile of shoppers? To answer these and many other questions, global real estate services firm Cushman & Wakefield has conducted a survey, the findings of which are presented in its latest report. Cushman & Wakefield notes that despite evolving shopping trends, both retail formats continue to hold strong appeal. 

Office fit-out costs in Prague are still competitive despite rising construction costs and higher demand for modern work environments. According to the latest report from Cushman & Wakefield EMEA Fit Out Cost Guide Prague's offer of high-quality office spaces is at more favourable prices compared to other European cities.

Greenstone, a private equity fund, has finalized the acquisition of the remaining 20% stake in the Format office building from Torus, becoming the sole owner of the property. This follows Greenstone's initial purchase of an 80% stake in Format in May 2024. Just like in the first transaction, the seller was supported in this process by Cushman & Wakefield. The value of the deal has not been disclosed. 

The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

According to data from Cushman & Wakefield, Poland’s commercial property investment volume hit approximately €5 billion in 2024, marking a strong rebound of around 140% year-on-year. Additionally, Polish capital significantly increased its share of investment activity, with transactions totalling €444 million last year - an almost threefold rise from 2023. However, for this momentum to continue, systemic solutions such as the adoption of the long-awaited REIT legislation are necessary. If implemented, these measures would help prevent a potential outflow of Polish investors from the real estate market, especially when yields begin to harden.