• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Poland

    Poland

    Poland is considered to have one of the healthiest economies of the post-communist countries, has steadfastly pursued a policy of liberalizing the economy and today stands out as a successful example of the transition from a state-directed economy to a primarily privately owned market economy. The privatization of small and medium state-owned companies and a liberal law on establishing new firms have allowed the development of an aggressive private sector. Although the Polish economy is currently undergoing economic development, there are many challenges ahead. The most notable task on the horizon is the preparation of the economy, through continuing deep structural reforms, to allow Poland to meet the strict economic criteria for adoption of the Euro as its national currency. One of the main reasons why investors tend to choose Poland is its location at the very heart of continental Europe, part of the trans-European road network and easy access to 250 million consumers within a radius of 1000 kilometers.

    Poland has been one of the bright spots in the European real estate market, actually showing an increase in occupier activity despite the economic downturn. Prime rents have decreased slightly in Warsaw, but in the other major markets rents have remained at the same position as last year. There is a low amount of new supply coming on line throughout Poland in 2009 and little speculative development is occurring which will combine to strain the low supply of available space. Overall the market is expected to contract in the near term, primarily due to lack of access to capital for new development.

     

    Our Offices

    Warsaw