Real Estate for a Changing World
According to the latest quarterly report “At a Glance – Modern Retail Market in Poland, Q4 2023”, released by BNP Paribas Real Estate Poland, the closing months of last year saw heightened development activity and many retailer debuts on the Polish retail market. Retail parks accounted for 80% of the new retail floorspace supply.
Most companies have downsized their offices by around 20-30% over the last two to three years compared to pre-pandemic office lease sizes as many have embraced hybrid working patterns.
Most companies have downsized their offices by around 20-30% over the last two to three years compared to pre-pandemic office lease sizes as many have embraced hybrid working patterns.
Most companies have downsized their offices by around 20-30% over the last two to three years compared to pre-pandemic office lease sizes as many have embraced hybrid working patterns.
At the end of last year, Warsaw’s total office stock stood at 6.2 million sqm, of which just 61,000 sqm was delivered in 2023 - the lowest annual figure for new supply in the last five years and well below the five-year average of around 220,000 sqm.
At the end of last year, Warsaw’s total office stock stood at 6.2 million sqm, of which just 61,000 sqm was delivered in 2023 - the lowest annual figure for new supply in the last five years and well below the five-year average of around 220,000 sqm.
At the end of last year, Warsaw’s total office stock stood at 6.2 million sqm, of which just 61,000 sqm was delivered in 2023 - the lowest annual figure for new supply in the last five years and well below the five-year average of around 220,000 sqm.
Despite the ascent in capitalization rates and prevailing global uncertainties, investors have executed agreements exceeding 741 million euros—a figure surpassing fourfold that of the preceding quarter in 2023.
Despite the ascent in capitalization rates and prevailing global uncertainties, investors have executed agreements exceeding 741 million euros—a figure surpassing fourfold that of the preceding quarter in 2023.
The volume of leased office space reached a new record high in the third quarter of 2023. The total transaction volume increased by more than 85% compared to the same period last year.