Set to open at the turn of 2020 and 2021, the 26-floor AC Marriott New York NoMad from DMDmodular will feature a total of 168 rooms equipped to a 4-star standard and will replace a 5-storey stone-clad structure in downtown Manhattan that has been demolished to make way for the ground breaking behemoth.
The report from the commercial real estate agency JLL and recruitment specialists HAYS Poland notes that Łódź has become the ideal city for everyone from start-ups and creative small firms to large international corporations.
As the service economy draws jobs into city centres young people are increasingly willing to rent rather than buy.
According to the study which looked at Warsaw, Wrocław, Poznań, Łódź, the Tri-City, Kraków, Szczecin and Lublin “…the business environment, the quality of office buildings and the availability of facilities that improve residents’ quality of life – in Lublin they are at the highest level.”
The European Bank for Reconstruction and Development could invest up to EUR 650 million in Poland in the present year, and even more in 2019, EBRD's Director for Poland Grzegorz Zieliński told PAP.
Poland is a hidden treasure, one of the 24 best global economies and a “gem” for investment.
The recent boom in the real estate market has led to a shortage of land for development which, coupled with the increasing cost of construction plots, has sent apartment prices spiraling.
Poland's market for office space grew by over 736,000 square metres in 2017, faster than ever, with the supply of modern office space totalling 9.7 million square metres, according to the consultancy firm JLL and Maciej Gorka, a real-estate expert.