Cushman & Wakefield has summarised the situation in Poland’s largest office markets at the end of 2024. Leasing activity in both Warsaw and regional cities remained at 2023’s levels, while development activity continued to stagnate. By contrast, the capital market experienced a rebound, with the office investment volume rising to €1.64 billion and Warsaw recording a more than threefold increase. 

Cushman & Wakefield agency has summarised the situation on the Warsaw office market in 2024, a year marked by subdued development activity leading to a gradual decline in office space availability. At the same time, leasing activity remained consistent with 2023’s level. According to Cushman & Wakefield, these trends are likely to continue this year.

Vacancy rate in the Prague office market decrease in Q4 2024 has been the largest since 2018, reports Prague Research Forum in its Office Market Figures for Q4 2024 and 2024. The report has also revealed the record annual take-up and the overall situation of the market. 

Cushman & Wakefield has summarised the situation in the Polish retail market. Over half a million square meters of new retail space came on stream last year, marking the highest new supply level in Poland since 2015. This robust development activity occurred amid rising demand from new retailers and improving consumer sentiment which boosted retail sales.

Bratislava's residential market has recorded the strongest quarter since the pandemic period. Sales in Bratislava have grown for the fifth quarter in a row, according to the report prepared by BuiltMind in collaboration with Cushman & Wakefield.

According to a survey by Cushman & Wakefield tracking new entries for 11 years, 47 brands have entered the Czech market in 2024. This is the highest number of brands to enter the Czech market, compared to 40 in 2023. 

According to the latest report from Cushman & Wakefield, office demand across Poland’s office markets is expected to remain stable in the near future, on a par with the levels recorded in 2022-2023, with vacancy rates anticipated to edge down in both Warsaw and regional cities amid gradual market stabilisation. Office development activity is likely to remain subdued in the coming years, creating new opportunities for office stock refurbishment. Despite this, the Polish market offers some of the finest-quality office spaces in Europe. For example, Cushman & Wakefield reveals that the percentage of office stock in Warsaw at risk of becoming obsolete by 2030 is low, at 40%. By comparison, the average for seven key Western European markets (Amsterdam, Barcelona, London, Madrid, Milan, Paris and Stockholm) is nearly twice as high, at 80%.

Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

According to data from Cushman & Wakefield, a third of Poland’s approximately 33 million sqm of industrial stock was built in the last three years, with half of it less than five years old. Despite being young, the Polish industrial market is very mature, necessitating industrial asset owners to embrace appropriate optimisation strategies and cyclical risk assessments. Key to this process is the adoption of a multifaceted approach and prioritization of ESG goals, reveals Cushman & Wakefield’s latest report.

Torus Group and J&T Banka have announced their signing of a loan agreement for Gdynia City Logistics - an urban logistics park developed and managed by the borrower.