The past four years have not been the best time for retail players in Poland. Since 2012, the vast majority of the retail activity has been on the transactional side. Very few new large schemes have been developed during that time, and the market representatives, even in 2013, agreed that with over 9.38 mln sqm of retail space in Poland, the market was nearing saturation point. Fast forward to today, 2015. According to DTZ over the next two years (2015/2016), 60 new shopping centres with 900,000 sqm of space in total are to be delivered to the Polish market. JLL have reported that in Q1 2015 a total of 94,000 sqm of new extensions have been completed. The quiet time for the retail market seems to be at an end, thus resulting in an increased demand for experts in this area. The main areas of personnel requirements include: market research specialists, land transactions specialists, development directors, project managers, retail leasing managers, property managers, asset managers. There
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young