European Investment Quarterly MarketView,
2Q 2010
European commercial real estate investment turnover reached €23.5 billion in the second quarter (Q2) of 2010, a 15% increase on the €20.3 billion transacted in the first three months of 2010, according to the latest data from CB Richard Ellis (CBRE). Investment turnover rose

EMEA Rents and Yields, 2Q 2010
Prime rents and yields across key European markets remained broadly stable in the second quarter (Q2) of 2010, according to CB Richard Ellis’ latest EMEA Rents and Yields Indices. Evidence of rental improvement was most apparent in the office sector, where prime rents rose for the second consecutive quarter and were 1.7%

European Investment MarketView, 1Q 2010
65% Increase on Q1 2009 Confirms Investment Market Recovery
European commercial real estate investment turnover reached €19.1 billion in the first quarter (Q1) of 2010, a 65% increase on the €11.6 billion transacted in Q1 2009, according to the latest data from CB Richard Ellis

Poland Retail Destinations 2010

Poland has proven to be considerably resilient to the current economic downturn. Poland outperforms several Euro zone countries in the terms of international ratings and is the only European Union country that avoided GDP decline in any of 2009 quarters. Domestic market remains poised for further growth, but Polish economy as

Accumulator, Investment Market in Poland, Spring 2010
Investment activity slowed down in all sectors, amounting to EUR 646 million in 2009 from nearly EUR 2 billion in 2008. / The retail and office sectors continue to dominate the investment market. / Yields are forecasted to level off in the next months.

Warsaw_Office Market View 4Q 2009
Take-up in Q4 2009 reached 96,600 sq m. / Supply of new office stock in 2009 reached 266,200 sq m. / The vacancy rate for Warsaw office space levelled off at around 7%. / Prime headline rents stabilised at EUR 21 - 23 /sq m/month in the City Centre. / Prime office yields are quoted at 6.75% - 7.00%.

Warsaw_Retail Market View 4Q 2009
Only two extensions of existing schemes were added to the stock in 2009. / The vacancy rate for Warsaw retail space in the best shopping centres ranges between 0 - 3%. / Prime headline rents remain at the level of EUR 60 - 80 /sq m/month. / Retail investment activity in Warsaw remains scarce with only EUR 6.2 million transacted this

Big Box – Polish Industrial Market View 4Q 2009
Positive symptoms of the market improvement – overall vacancy decrease supported by relatively stable leasing activity. / In 2009 total take-up reached 983,000 sq m – 30% less than in 2008. / Total modern stock amounts to over 6 million sq m with over 1 million sq m (18%) vacant in the whole country. / The number of new

How active are retailers in EMEA? November 2009
Far from “battening down the hatches”, many retailers are optimistic about the future. Although cautious with their approach they continue to develop their networks and expand into new markets. / The prevailing theme of this report is that, despite the economic turmoil which continues to affect the world, many retailers are still

Retail Investment Quarterly Market View, 3Q 2009
Investment in European retail property reached over €5 billion in Q3 2009, a quarterly increase of 18% and the highest total since Q3 2008, according to new CB Richard Ellis research. In contrast to the 34% jump in activity across all sectors, the upturn in retail investment has been less pronounced; although the downturn in retail

Warsaw_Retail MarketView, Q3 2009
Only two extensions of existing schemes were added to the stock in 2009. / The vacancy rate for Warsaw retail space in the best shopping centres ranges between 0-3%. / Prime headline rents remain at the level of
EUR 60-80 /sq m/month. / Retail investment activity in Warsaw remains scarce with only EUR 6.2 million

Warsaw_Office MarketView, Q3 2009
Take-up in Q3 2009 reached 74,700 sq m. / Supply of new office stock in 2009 amounted to 224,800 sq m. / The vacancy rate for Warsaw office space increased to 7.1%. / Prime headline rents decreased to EUR 21 - 23 /sq m/month in the City Centre. / Prime office yields are quoted at 6.75% - 7.00%.

Big Box Poland - Industrial MarketView, Q3 2009
First symptoms of the market improvement – overall vacancy decreased, supported by relatively stable leasing activity. / In Q1-3 2009 total take-up reached 700,000 sq m – comparable amount to the same period of 2008. / Total modern stock amounts to over 6 million sq m with 18% vacancy rate in the whole country. / The

CEE ViewPoint, November 2009
Risk, Return & Reality – CEE Office Property
Considerable negative sentiment has surrounded CEE as a region since fall 2008. While this sentiment has probably been justified with regard to certain parts of the region, other parts of CEE have been unfairly swept up by it. It has become clear that certain CEE property

European Capital Markets MarketView, Q2 2009
Investment activity was low in H1 2009, at just €25 billion, but showed some signs of recovery towards the end of that period, with higher levels of investor interest and activity. / The UK and Spain appear to be at the forefront of the recovery in market activity, with investors spotting value in the substantial repricing that

Back from the Brink... But What Next?
Global MarketView, August 2009
From a global economic viewpoint, the patient appears to have stabilized, but remains in intensive care. The severe trauma caused by last year's large shocks to the global financial system - the subprime crisis, the collapse of debt securitization and the fallout from the bankruptcy

EMEA Rents and Yields MarketView, Q2 2009
This report is designed to provide our clients with an immediate view on prime rents and yields across major markets and sectors in the region as at the end of the quarter.
It is our intention to provide this information as soon as possible after the end of the quarter. In some markets,

Big Box Poland, Industrial market View, Q2 2009
In H1 2009 total take-up exceeded 450,000 sq m – 40% less when comparing with H1 2008. / Total modern stock amounts to over 6 million sq m with 18% vacancy rate in the whole country. / The number of new projects handed over remained high, however the amount of space under construction has been decreasing.

Accumulator, Investment Market in Poland, 1H 2009
Investment activity slowed down in all sectors, amounting to nearly EUR 2 billion in 2008 from EUR 3 billion in 2007. In H1 2009 it reached only EUR 118 million. / The office and retail sectors continue to dominate the investment market, although retail

Warsaw_Office MarketView, 2Q2009

Take-up in 1H 2009 reached 109,000 sq m. / Supply of new office stock in 1H 2009 amounted to 174,000 sq m. / The vacancy rate for Warsaw office space increased to 5.7%. / Prime headline rents decreased to EUR 23 - 24 /sq m/month in the City Centre. / Prime office yields are quoted at 6.75% - 7.00%.

Global MarketView - Office Occupancy Costs,
May 2009

The foundation of the global economy has been tested to a degree not seen since the Great Depression. What began as a U.S. housing crisis quickly became a worldwide financial crisis. Tightening credit markets made it difficult for businesses and individuals to obtain

Poland Office Destinations, 2009

At the beginning of the year in Poland there was around 4.7 million sq m of modern office cities located in Warsaw and seven major regional cities. The largest and the most established market is Warsaw. However, when comparing with other European capitals, Warsaw is still behind the mature markets. Office density in Warsaw is

Poland Retail Destinations, 2009

Thanks to an excellent central northern location, Poland is well predisposed to be one of Europe’s key business regions. The Polish economy remains poised for further growth, but it relies heavily on the Western European economies as markets for both its exports and for investment and financing. As a consequence, Poland’s

Global MarketView, May 2009

Following a sharp contraction of worldwide economic activ­ity in Q4 2008, the commercial real estate market turned in a negative performance in Q1 2009. The depth and speed of the decline varied across markets and regions, but the direction was the same.
CBRE’s quarterly Global MarketView analyzes global

CEE Property Investment MarketView, April 2009
Around  €100 million was invested in institutional property in CEE in April 2009. Further outward movement of yields is expected, but now that yields in markets such as London, Paris and Madrid seem to be bottoming out, a foundation is being laid on which proprerty values in CEE can build.

EMEA Offices MarketView, Q1 2009
Occupiers continue to rationalise their space usage as economic conditions worsen across Europe - Subdued take-up levels expeccted to persist as corporates delay or shelve new real estate commitments - Many tenants seeking increased flexibility in thier lease terms, and renegotiaiting shorter contracts - Following significant

EMEA Office Occupier MarketView, Q1 2009
Worsening economic conditions across Europe continue to force rationalisation of space usage - Expectation of further contraction in demand is encouraging increased landlord flexibility - Looser supply conditions expand tenatnt choice, but increase difficulty of sub-letting surplus space.

Big Box Poland MarketView, Q1 2009
Despite a recession registered in majority of global economies, the Polish economy is still better positioned than most European countries. The GDP growth for the first quarter of the year is estimated at 1.4% with 1.6% forecasted for the whole year. The Polish economy started to slowdown in the second half of 2008, when

Warsaw_Office MarketView, Q1 2009
The signs of recession on the global markets are evident however Polish economy is perceived as one of the most stable and dynamic economies in the CEE region. The GDP growth for the first quarter of the year is estimated at 1.4% with 0-2% forecasted for the whole year. The slowdown of the economy was visible in the second half

European Retail Investment MarketView, Q4 2008
In common with all areas of the commercial real estate market, the retail sector saw a marked decline in transaction activity in 2008. In fact the slowdown in the retail sector was slightly less than that in the market as a whole, but the difference was insignificant.
One of the key drivers of this trend was the fall in the

Hotels_- CEE MarketView, Year End 2008

Despite the continuing impact of the global economic crisis some good development and investment opportunities exist in the region. Economic growth in Central and Eastern Europe (CEE) has experienced a slowdown, particularly compared with the recent period of rapid expansion. Even with the slowdown, most

Warsaw_Retail Market View 4Q2008
Despite economic turbulences registered all over the world, Poland is quite resistant and its economy is still in a relatively good condition. The average GDP growth in 2008 is estimated at 5.4%, the unemployment rate below 10% and inflation at 2.4%. Indeed, Polish banks tightened the loan conditions in the 2nd half of the year

Big Box Poland - Industrial Market, 4Q2008
Although the global economy has entered a steep downturn, the Polish economy is still better positioned than most European countries. The average GDP growth in 2008 is estimated at 5.4% with forecasts at 2-3% in 2009 and 2010. The Polish economy started to slowdown in the second half of 2008 when many banks tightened

Accumulator, Investment Market in Poland,
Spring 2009
In 2008 the weaker global conjuncture as well as the slowdown of demand caused a significant decrease in the investment volume across all sectors in Poland. Nevertheless business conditions in Poland remain favourable, better than in other European countries,

Warsaw_Office Market View 4Q2008
Despite an expected slowdown, the Polish economy is better positioned than most European countries. GDP growth in 2008 is estimated to be 5.4%, the unemployment rate is below 10% and inflation is about 4.2%. The economy started to slowdown in the second half of the year when many banks tightened loan

WRF issues ofice market data for Q3 2008
The Warsaw Research Forum has published data regarding the Warsaw office market for the 3rd quarter of 2008. The market data prepared by the teams consists of: the size of the modern office stock, take-up, completions of new buildings and vacancy rates. Two main markets of Warsaw were defined: City Centre (CC)

Warsaw_Office Market View, 2Q2008
The demand for modern office space in Warsaw remains relatively high - 244,400 sq m was leased in the first half of 2008. Most of the space was leased in Non-Central locations. A record lease transaction was concluded in Lipowy Office Park, where Bank Pekao SA preleased 39,000 sq m. On the supply side, 141,400 sq m of

Global Market Rents, May 2008
CB Richard Ellis’ global team of researchers is pleased to provide the industry with our semi-annual analysis of the level and direction of global office market rents and occupancy costs. This report is the product of more than 500 local researchers pulling together to monitor, assemble and analyze the data and to provide it to our

Understanding Retail Destinations Poland
Spring 2008
The development of the Polish retail market started in the early 1990’s. The earliest shopping centres were built in Warsaw and due to their success and popularity, similar retail centres appeared in the other larger cities throughout Poland. The highest retail investment boom

Understanding Office Destinations Poland
Spring 2008
CEE presents many advantages both as nearshoring and offshoring market. Labour costs in Central and Eastern Europe are still a fraction of those in Western Europe CEE labour markets offer highly qualified labour force, with good language skills and better cultural affinity with

How Glogal is the Business of Retail?
Globalisation is affecting all aspects of social and economic activity, and retailing is no exception. Many retailers are increasingly venturing beyond their traditional territories, identifying expansion opportunities in new countries and regions around the world. Shoppers are accustomed to seeing “London – Paris – New York”

Global Offshoring Markets Review
Executive Summary, 2007/2008
The offshoring and outsourcing landscape has changed considerably since it’s inception as a cost saving measure many years ago – the level of activity has tightened some markets whilst globalisation has and continues to increase the number of markets emerging

European Investment - Market View, 2007
The turnover of the European commercial investment market reached €246 billion in 2007. A 6.3% increase on the 2006 level was registered despite the ‘credit crunch’ environment and weaker market sentiment. There has been a strong divergence between the evolution of the UK and the other European markets.

Industrial and Logistics Property in the Future
Including special focus on retail-led logistics in CEE
The popularity among investors of European industrial and logistics property has increased significantly in recent years. At over €8bn in the first half of 2007, industrial and logistics investment was nearly 25% up against the corresponding period in 2006. In part, this

Living Residential_Warsaw Market View, Spring 2008
The last quarter of 2007 did not show a radical change on the residential market in Warsaw. Some trends present already in autumn became more visible in December. The Warsaw market has been growing very fast for the last three years.

Investment Market in Poland, Spring 2008
In comparison to the previous year, 2007 witnessed a significant slow down in terms of the investment activity. The total volume invested into Poland’s real estate market amounted to EUR 3.1 billion. This represents more than a 40% decrease on what was invested in the previous year.

Big Box Poland - Industrial Market, Q4 2007
Over the past 3 years the warehouse and logistics market in Poland has witnessed significant growth and development. Over 2.2 million sq m of commercial warehouse stock has been constructed with more than 1 million sq m constructed in 2007 alone. New projects are being constructed and existing schemes re-developed as

CEE Offices Market View, 2007
While economies around the world suffer from the belief that growth rates will significantly decrease, expectations for economic growth in Central and Eastern Europe remain strong. Some of the countries in the region however saw their GDP growth forecasts for 2008 adjusted slightly downwards.

Warsaw_Office Market View, Q4 2007
Office market in Warsaw in 2007 was at the top of property cycle. This means a good situation for both developers and tenants. From one hand we have observed a growing demand, low vacancy rate and high level of rents which strengthened the position of landlords. From the other hand, a forthcoming supply of

Global Market Rents, November 2007
London & Mumbai Top List of World's Most Expensive Office Markets. Moscow, Oslo, Warsaw and London’s West End among the cities with the fastest growing rents. Nigel Wade, Managing Director at CB Richard Ellis Polska commented: ‘Since the beginning of this year we have witnessed major increase in rent levels in City

Warsaw_Office Market View, Q3 2007
Since the beginning of 2007 we observe a rapid development of Warsaw economy. In August the unemployment dropped to 3.6%, the number of business entities in the region increased to almost 620,000. The planned EURO Football Cup in 2012 has speed up the infrustructure investments. The city plans to deliver three

Investment Market in Poland, H1 2007
After a slow start to the year, Q2 has seen investment activity accelerate, with €909 million invested into Poland’s real estate investment market. This represents a 140% increase on what was invested in the previous quarter and brings total investment volume to €1.29 billion as of H1 2007.

Poland Property, Spring 2007
In 2006 the Polish real estate market experienced a successful year, with all sectors witnessing growth, primarily fuelled by Poland's accelerating economy. In 2006 GDP growth was recorded at 6.1%. With a population of over 38 million and an increase in real wages, Poland has a large and growing domestic market.

Living Residential_Warsaw, Beginning 2007
In the second half of 2006, the residential market in Warsaw grew at a great pace. A dynamic increase in apartment prices was reported and transactions involving the purchase of land for residential development were concluded at record levels.

A number of factors contributed to this trend.