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Savills: the real estate market

Tomasz Buras, Managing Director, Savills Poland

Real estate advisory firm Savills presents its preliminary summary of Poland’s commercial property market performance in 2017 and an outlook for the next twelve months.

According to Savills, 2017 witnessed an emergence of a strong new trend in the retail sector: social shopping centres. This new generation of shopping centres focusing on leisure and F&B has evolved in response to the expansion of e-commerce. This year also saw newcomers to the office market: coworking operators. 

Office space rented short-term is now being offered as a result of both the growth of the start-up scene and large corporations needing to take on extra staff to deliver a growing number of short-term projects.

2018 is shaping up to be one for looking for ways of compensating potential losses due to a ban on Sunday trading. As a result, the gap between online and offline channels is likely to be closing in going forward. According to Savills’ forecasts, the current situation on the labour market will also lead to further changes on the office and warehouse property market. 

An attractive office location may become an ever-important bargaining card in the war for top talent, while warehouse tenants will be increasingly focused on seeking alternatives such as process automation in response to rising labour costs and labour shortages. 

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