Record development activity in Tri-city office market

A record 151,000 sqm of office space is currently under construction in Tri-city, with approximately two-thirds of the volume scheduled for completion this year, according to Colliers International data. In 2016, the agglomeration saw the completion of six projects totaling 57,000 sqm, which brought...

Bydgoszcz/Toruń and Szczecin industrial markets booming

Developing warehouse markets: the Bydgoszcz/Toruń area and Szczecin have seen a surge in tenant activity in 2016, according to the data compiled by Colliers International. The level of demand in the Bydgoszcz and Toruń market was nearly twice as high as in 2015 – 131,000 sqm was leased within 44 agr...

Two outlet centers coming to Bydgoszcz

The city of Bydgoszcz will soon have its first outlet centers: Outlet Center Bydgoszcz (11,000 sqm) near the IKEA store and Metropolitan Outlet (17,000 sqm) in the Carrefour Glinki mall, currently under refurbishment. The two centers will expand the city’s retail market by 10 percent. Bydgoszc...

Olsztyn shopping malls with higher vacancies – Colliers

Vacancy rate in shopping centers in Olsztyn (northeastern Poland) increased to 2.9 percent at the end of 2016, up from 1.5 percent in December 2015.  Rents are under slight downward pressure, due to the increasing competition in the market and the prevalence of “tenant market,” a recent ...
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Asian investors to remain active in CEE in 2017 – report

Capital coming from Asia, which last year accounted for 16 percent of the total real estate investment volume in Central and Eastern Europe, will continue to play a major role in the investment market in the region in 2017, with this year’s numbers likely to match or even exceed the 2016 figur...

Retail vacancies drop to 7.2% in Radom – Colliers

Vacancies in the Radom retail market dropped to 7.2 percent at the end of 2016, compared to 9.3 percent a year earlier, according to a recent report by Colliers International. Renewals and renegotiations constituted the bulk of tenant activity in 2016. The biggest lease was Carrefour’s new dea...

Real estate invesment volume at €4.6 bln in 2016 – Colliers

The total value of transactions concluded in Poland in 2016 amounted to €4.6 billion, the best result since 2006, according to a Colliers International report. Last year 80 institutional investment transactions involving over 130 properties across all asset classes were closed. Over 70 percent of th...