The pace of yield compression decelerated across Europe’s commercial real estate markets in the first quarter of 2019, according to Cushman & Wakefield’s latest DNA of Real Estate report.
China secures top spot in index of global manufacturing location - Manufacturing Risk Index 2019 [REPORT]
Cushman & Wakefield’s Manufacturing Risk Index report shows formerly low-cost locations such as China and India are moving up the value production chain through country-sponsored support of technological adoption.
Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report.
The report – ‘The Changing Face of Distribution: The Shape of Things to Come’ – states that Europe’s primary distribution corridor, from the Benelux countries to northern Italy and dubbed the logistics ‘Blue Banana’ due to its distinctive shape, has transformed into multiple corridors in response to EU expansion and new motorway additions.
At the end of Q3 2018, Poland’s industrial and logistics stock surpassed the 15 million sq m mark following the completion of 1.42 million sq m since the beginning of the year.
European offices have recorded eight quarters of continuous rental growth by achieving a 0.7% increase in Q3 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report.
In H1 2018, warehouse supply totalled 734,000 sq m delivered across 29 projects, bringing Poland’s total industrial stock to more than 14,300,000 sq m, which represented a 21% rise year-on-year.
The overall European logistics yield dropped 14bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report.
Automation and digitisation penetrating all spheres of life also have a material impact on the economy. Experts of global real estate services firm Cushman & Wakefield have identified five key factors that will shape the retail and warehouse market growth going forward.
Occupier activity set an all-time high on the Polish industrial market in the first three months of 2018, which pushed the country’s vacancy rate down to its lowest on record. Demand came mostly from e-commerce (24%), logistics operators (23%) and retailers (19%).
Global real estate services firm Cushman & Wakefield has published a report on the impact of autonomous vehicles on commercial real estate. Ongoing urbanization combined with increasing demand for goods and people to be moved in mass means that mobility now matters more than ever, says the report.
The year 2017 saw the greatest amount of industrial space built in Europe in its history – more than 3.7 million sq m. This represents a 68% increase over 2016 and a 55% increase over the existing record dating back to 2007 (an additional 1.2 million sq m). The total industrial space in the region has increased by 17% as a result. Such are the results of a survey conducted by Cushman & Wakefield, a company that has been monitoring the industrial property market in the Czech Republic, Slovakia, Poland, Hungary and Romania on a long-term basis.
Cushman & Wakefield’s Manufacturing Risk Index report ranks countries based on a range of risk and cost factors, including political and economic risk, market conditions and labour costs, to provide a comprehensive assessment of the attractiveness of 42 countries worldwide.
2017 turned out to be the best years in the history of the modern warehouse market in Poland. Both developers and tenants showed record activity. Total take-up reached 4.09 million sq m, which is an increase of 33% compared to 2016.