At a Glance Office Warsaw Q2 2023
Despite renewed construction activity and new starts, developers remain cautious about commencing projects.
At a Glance Retail Q2 2023
The Polish retail market ended the first half of 2023 strongly, with its total stock amounting to 15.9 million sqm. In the past quarter, 66,000 sqm came on stream across Poland, bringing total new retail supply for January-June 2023 to 150,000 sqm.
BNP Paribas REIM presents its outlook of the European property market
European real estate markets are still responding to the new environment implied by higher financing costs and the pricing adjustment that started at the end of 2022. Investors are waiting to see where financing costs are heading and how prices react.
Lighthouse H2 2023 | European Property Market Outlook
Discover The Lighthouse, BNP Paribas REIM’s European Property Market Outlook. This House View emphasizes - through in-house forecasts, research and market expertise - our investment strategies in light of the expected macroeconomic and financial environment.
Warehouse completions hit an all-time high, pushing vacancy rates up
At the end of the first quarter of 2023, there was more than 2.1 million sqm of modern warehouse, logistics and industrial space under construction, down by around 1.25 million sqm compared to the fourth quarter of 2022.
Warehouse completions hit an all-time high, pushing vacancy rates up
At the end of the first quarter of 2023, there was more than 2.1 million sqm of modern warehouse, logistics and industrial space under construction, down by around 1.25 million sqm compared to the fourth quarter of 2022.
At a Glance Industrial Q1 2023
At the end of the first quarter of 2023, there was more than 2.1 million sqm of modern warehouse, logistics and industrial space under construction, down by around 1.25 million sqm compared to the fourth quarter of 2022.
High inflation pushes rents and service charges up on regional city office markets
Record-high inflation is sending office rents ever higher on regional markets, weighing heavy on tenants. The overall vacancy rate edged up by 0.6 pp in Q1 2023, with a supply gap becoming imminent.
Spring is in the air for retail real estate
In the first quarter of 2023, the Warsaw retail market welcomed a refurbished Fort Wola shopping centre after a six-year break. Mayland, the new owner, carried out a major renovation, turning the complex into a facility tailor-made for today’s needs.
Investment market as a reflection of the economic situation
As expected, financing constraints and economic uncertainty saw the Polish commercial real estate market underperform in early 2023.