Tag: Warsaw

Warsaw office market: New supply to rise, flexible spaces gain traction

In 2023, the Warsaw office market recorded the lowest ever level of new supply, amounting to just 60.9 thousand sq. m. Savills advisory company...

Vacancy rate in Warsaw office market falls, rental rates remain stable

According to the report by advisory company Newmark Polska "Office Occupier – Warsaw Office Market", last year in the Warsaw office market was marked...

Rental Prices in Poland Steady, Supply Up

The end of the year in the rental market brought no surprises and the expected slowdown. Seasonal downward trend was visible both in the...

Warsaw Office Market: Slowdown in 2023, but Demand Remains Strong

The office market was nourished with only 61,000 sq.m. of space in 2023, the lowest value recorded since 2010, as investments were put off...

Retail space in Poland is growing at a record pace

In 2023, the commercial real estate market in Poland grew by an additional 380,000 square meters. As a result, the total areas of shopping...

Demand for Lawyers Surges in Legal Departments, Salary Increases Follow

67.5% of employees in the legal departments of companies received a pay rise in the past year, with nearly one in four seeing an...

Forecasts for the Polish Commercial Real Estate Market

In 2023, the Polish investment market, like foreign markets, experienced a low level of investor activity. The value of investment volumes in all real...

Warsaw, Gdansk, and Krakow lead the charge in Polish apartment price increases

Prices per square meter in provincial cities in Poland are reaching record levels. The most expensive are in Warsaw, Gdansk, and Krakow. In the...

Warsaw Office Market in 2023: Low Supply, High Demand, and Rising Rents

International advisory agency Cushman & Wakefield has summarised the situation in the Warsaw office market in 2023. The past 12 months have brought the...

The Growth of Electric Vehicles in Poland: A 2023 Review

As of the end of 2023, there were a total of 56,934 fully electric vehicles (BEV) registered in Poland. The number of publicly accessible...

Shared Services Sector in Poland: Demand for Office Space Remains Steady

Despite year-over-year growth in employment in the shared services sector, the demand for office space remains steady. However, SSC/BPO/R&D centers continue to lease the...

Clean Transport Zone for Krakow Delayed Over Legal Challenges

The Provincial Administrative Court in Krakow ruled on January 11, to completely nullify the resolution concerning the clean transport zone in Krakow due to...

European data protection authorities imposed fines worth €1.78 billion in 2023

In 2023, European regulators imposed a total of 1.78 billion euros in fines for violations of the General Data Protection Regulation (GDPR) – this...

Polish Retail Market Rebounds in 2023, Smaller Units Dominate, Investment Activity Picks Up

Traditional retail is seeing a return to pre-pandemic numbers, with increased footfall and sales numbers in shopping malls, and significant improvements for tenants, particularly...
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