Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

CEE investment market summary in Q3 2021

Jeff Alson • 05/11/2021

Increased momentum in 2021 is not yet visible in the volume of deals closed in Q3 (13% behind the same period last year for CEE), despite the Czech Republic and Slovakia bucking this trend with increases, year to year. Transactions have taken longer to close so we expect volumes to correct in the fourth quarter to come. The lag in volume is a reflection of slower processes and of not a shortage of capital, so we expect volumes to continue to gain ground in 2022. Industrial transactions remain dominant with offices now recovering.   

POLAND

The pipeline of transactions in progress suggests Q4 could still catch up with 2020 volumes, thanks to both single asset and portfolio transactions in the industrial segment plus a rebound of the office sector with the return of larger scale core offices, smaller single asset core plus and value-add deals.  

CZECH REPUBLIC

On the Czech real estate market, hotels and prime retail in Prague are still suffering from the slump in travel and lower employee mobility. Other sectors have performed admirably, despite Covid – retail, in particular. As there is a shortage of adequate product on the market, insufficient to cover the excess of capital available, for this year investment activity of around EUR 1 billion is anticipated, with office transactions having an approx. 50% share. In the coming year, significant changes from the current trends of low activity and high pricing are not expected, despite a probable increase in industrial and retail deals next year.

HUNGARY

The Hungarian market is ending the year strongly, with bids recently achieved at record yields for assets in both the office and logistics sector. Last year’s total investment volumes - which in themselves were not as constrained as on other markets – will probably be exceeded soon. Indeed, office transactions (the most active sector) have already surpassed 2020 levels.

Particularly worthy of note is the increased interest from international institutional funds, some of whom have not been active in the market for over a decade. Hungary still offers comparative value compared to its peer markets and its strong occupational fundamentals are apparently being recognised. Competing with them are some of the larger domestic funds who had been quiet for the previous two years but seem to be reawakening - along with newer players who had come to dominate the market over this time.

ROMANIA

The investment pipeline for the coming months remains consistent, as the closing of several transactions is expected to increase the yearly investment volume in Romania to between EUR 800 million and EUR 1 billion - comparable to the previous years’ totals. We are, however, seeing a limited number of active disposal mandates in the market, and this will impact the investment volume in 2022, despite the fact that liquidity and investor interest in the market remain solid.

 

insights

mb
MarketBeat • Office

A summary of H1 2022 on the warsaw office market

At the end of June 2022, Warsaw’s total office stock amounted to approximately 6.27 million sq m. Occupier activity accelerated while the vacancy rate continued its downward trend – these are some of the key findings of the MarketBeat H1 2022 report prepared by our experts.
Jan Szulborski • 04/08/2022
mb industrial
MarketBeat • Industrial

Warehouse completions hit an all-time high of 1.27 million sq m in Q1 2022

According to its data, total warehouse take-up in the first three months of this year reached 1.56 million sq m while the development pipeline hit a record 4.8 million sq m. What are the report’s other findings?
Damian Kołata • 27/05/2022
MB office
MarketBeat • Office

A summary of Q1 2022 on the polish office market

Global real estate services firm Cushman & Wakefield has published a summary of the first quarter of 2022 on the largest office markets in Poland. New supply rose by 60% year-on-year, while the overall vacancy rate edged up by 1.7 pp. What are the report’s other findings?
Katarzyna Lipka • 25/05/2022
is confidence returning to retail market
Insights • Retail

Rising prices in physical stores encourage people to shop online

Over half of Polish shoppers have noticed that retail prices are higher in reopened shopping centres, reveals Cushman & Wakefield’s report “Is Confidence Returning to the Retail Market?”. Additionally, consumers are being driven to shop online by some negative phenomena taking place in shopping centres.
Beata Kokeli • 20/10/2021
is confidence returning to retail market
Insights • Retail

Has confidence returned to the retail market? What lies ahead for retail consumers, tenants and landlords?

Retail began to transform well before the COVID-19 pandemic. It has, however, evolved a lot faster than expected and the pandemic has created a whole new environment which all market participants have to learn to navigate. Global real estate services firm Cushman & Wakefield has issued its latest report “Is Confidence Returning to the Retail Market?” highlighting what the retail market looks like from the perspective of tenants, landlords and customers. 
Beata Kokeli • 30/09/2021
future of offices
Insights • Office

What does the future look like for offices?

The office market is now at the epicentre of changes caused by the transition to the remote work model due to the Covid-19 epidemic. However, with the epidemic situation improving, organisations have already commenced planning the return of employees to the workplace. The analysis of the findings of a survey of tenants of the office buildings in the portfolio of properties under management of Cushman & Wakefield Poland reveals how companies are preparing for this change.
Jan Szulborski • 20/08/2021
rynek Starego Miasta 38, 00-401 Warszawa, Poland, Warszawa
MarketBeat

Poland MarketBeat

Cushman & Wakefield MarketBeat reports analyse quarterly Poland commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Katarzyna Lipka • 31/05/2021
Future of workplace Report
Events • Workplace

The future of workplace. How will Covid-19 and data shape the new workplace?

Through our proprietary Experience per Square FootTM (XSF) tool, Cushman & Wakefield has captured more than 2.5 million data points from workers all over the globe in the pre-COVID-19 era and a further 1.7 million data points from more than 50,000 respondents in the current work from home environment.

Katarzyna Lipka • 20/07/2020
Marketbeat Office Regiony 2019
MarketBeat • Office

Cushman & Wakefield summarises Poland’s regional city office markets

At the end of 2019, the combined office stock of Poland’s regional city office markets climbed to 5.61 million sq m, surpassing Warsaw’s 5.59 million sq m for the first time in history. The total office stock of the nation’s nine largest markets (Warsaw, Krakow, Wrocław, Tricity, the Upper Silesian and Zagłębie Metropolis, Poznań, Łódź, Lublin, and Szczecin) came close to 11.2 million sq m at the end of last year, representing an almost 8% increase on 2018’s level.

09/03/2020
Marketbeat Retail
MarketBeat • Retail

Cushman & Wakefield: a summary of the Polish retail market in 2019

Global real estate services firm Cushman & Wakefield has summarized the Polish retail market. 406,000 sq m of retail space was handed over in 2019. The development pipeline currently stands at approximately 500,000 sq m, 85% of which is scheduled for opening by the end of 2020. Going forward, investors’ interest will increasingly shift towards smaller cities below 100,000 inhabitants, says Cushman & Wakefield.

09/03/2020
Coliving
Insights • Coworking

Role of the sharing economy in the Polish economy. Cushman & Wakefield presents its latest report “Co-living – a new era for the real estate investment market in Poland”

Co-living is making inroads into the Polish real estate market. It is a trend where residents share living space and a set of interests and values in line with their financial capabilities - it has already gained traction in the United States and Western Europe, but is just beginning to emerge in Poland, thereby offering a huge growth potential.
Mira Kantor-Pikus • 03/03/2020

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS