A cautious optimist

The market has been continually evolving and undergoing various transformations. From your experienced perspective, how do you assess the changes that have taken place? Where have the most spectacular transformations occurred? Kamil Kowa, the managing director of Savills Poland: The warehouse sector has experienced the most spectacular growth – expanding more than twentyfold from 1.6 mln sqm in 2004 to over 35 mln sqm today. Furthermore, it’s no longer limited to traditional logistics or industrial assets. We’re now seeing the emergence of new segments, such as self-storage and data centres, driven by shifting consumer behaviours and technological advances. The office sector has changed significantly, particularly in regional cities, where the supply has grown by over 800 pct, fuelled by the development of shared service centres, among others. This is also one of the current challenges in these markets, as post-pandemic shifts in demand have led to relatively h