The existing set of tools used to support direct investments in Poland is changing. Going forward, this may lead to a reduction in the scale of new projects breaking ground and to changes to project management.
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.
Innovation is now the core pillar underpinning growth strategies of all businesses wanting to go global. Fuelled by growing high-tech investments worldwide, transformation is gathering pace with changes taking place almost overnight. What will the immediate future look like? What areas of our lives will be affected by proliferating innovations? How will the ways in which we communicate, travel and work change?
The Industrial and Logistics Agency of global real estate services firm Cushman & Wakefield has expanded again in the last few months. It is now the biggest in its history after Kamil Żach and Natalia Lipka joined it.
Warehouse supply hit a record high at the end of Q3 2017. Poland’s industrial stock totalled 12.86 million sq m, which represented an 18% rise year-on-year. Tenant demand remained robust on the country’s core warehouse markets, driven largely by logistics operators whose share in total take-up amounted to 45%.
The Polish Ministry of Economic Development announced plans to amend SEZ legislation long ago. Proposed changes seem very interesting, but will they be implemented without slowing the rapid growth in direct investments in Poland?