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According to a report published by Newmark Polska, occupier activity on Poland’s largest regional city office markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, Szczecin) remains stable, but tenants are increasingly focusing on workspace efficiency and looking for better quality offices. Almost 70% of the total leasing activity across the regions is concentrated in Kraków, Tricity and Wrocław. With office availability in existing buildings in regions remaining high and estimated at nearly 1.2 million sqm, developer activity remains limited.

According to the latest report by Newmark Polska, transaction volume in the Polish warehouse market in the first half of 2024 totalled more than 2.72 million sqm, up by 22.7% from the same time last year. Poland’s total warehouse and industrial stock surpassed 33.5 million sqm, a 9.5% rise year-on-year.

According to a report published by Newmark Polska, the Warsaw office market has entered a period of stabilization, with development activity continuing at a moderate but steady pace. During the second quarter of 2024, the Polish capital’s vacancy rate edged down over the quarter, while more and more tenants chose to renegotiate leases. Meanwhile, the growing occupier demand for sustainable and high-tech offices led to an increase in refurbishment or repurposing projects.

More and more foreigners are moving to Poland to work in the logistics sector, which already accounts for approximately 20 per cent of all foreign nationals working in Poland. The largest groups by nationality are Ukrainians, Belarussians and Georgians. Other rapidly growing cohorts of migrant workers come from India, Nepal, Bangladesh and Pakistan.

According to the latest report by Newmark Polska, the Polish warehouse and industrial market saw less than 1 million sqm transacted in the first quarter of 2024. At the end of March, the development pipeline stood at more than 2.3 million sqm while vacant stock in standing buildings experienced another rise. An increase in both developers’ and tenants’ activity is, however, expected to be spurred by long-awaited cuts to interest rates.

Warsaw is a great place to locate small business units (SBUs). Although small and flexible warehouse modules have been trending for years, it takes several months to secure prime space in such facilities in the Polish capital, say experts of Newmark Polska.

According to the latest report published by Newmark Polska, during the first three months of 2024, Poland’s regional city office markets experienced moderate occupier demand, with regearing accounting for most of total take-up. In addition, while the overall regional vacancy rate rose to nearly 18%, development activity was more muted and focused on three cities: Katowice, Poznań and Wrocław, which contain 75% of the office stock under construction.

According to the latest report published by Newmark Polska, the Warsaw office market is entering a period of an increased focus on the repurposing and refurbishment of office buildings. As office availability in central Warsaw declined in the first quarter of 2024, occupiers’ interest shifted towards non-central locations. Development activity remained stable but relatively weak, with a significant concentration of new office projects in central zones, which accounted for nearly 90% of the total office stock under construction.

Tourism and the commercial real estate industry would both benefit from the existence of theme parks in CEE. Demand is real and exists, however, there are several challenges to address for both investors and developers. Property Forum asked Róbert Székely, Senior Hospitality and Leisure Advisor at Newmark VLK Hungary, to give an overview of the potential of such parks in our region.

Renewable energy companies announcing new large-scale projects in the north of Poland will need large spaces for storing components of solar and wind farms. Such tenants report sector-specific requirements, which may incentivise developers to build differently, says Michał Rafałowicz, Regional Director, Newmark Polska.