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Office Market News

Graffiti all green

Graffit, a Warsaw office building from the portfolio of Zeus Capital Management, has received the BREEAM In-Use certificate. The building, built entirely on the basis of pro-ecological assumptions, was rated "Excellent".

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Summaries time at GTC

GTC has published financial results for the first nine months of 2022. Gross rental margin amounted to EUR 92 million in the audited period. 88 percent buildings owned by the developer have green certificates, and another 11 percent. is in the certification process.

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Offices much more expensive after indexation

High inflation, as one of the factors, will have a huge impact on the budgeting of costs related to the lease of office space by tenants in the near future - estimate Avison Young experts.

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Demand and the supply gap

According to Savills data, the Warsaw office market shows a clear decline in developer activity. The level of office space currently under construction is nearly 230 thousand. sq m, of which just over 115 thousand. sqm will be commissioned in the years 2023-2024.

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The bridge has strong foundat

The construction of The Bridge skyscraper in Warsaw has entered the next stage. The foundation plate under the tower and the garage part of the building was completed, and the construction of the elements of the tower's core was started. Ghelamco's newest project at Plac Europejski will ultimately measure 174 meters.

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Warsaw offices like fresh rolls

According to CBRE, the demand for office space in Warsaw has exceeded 608,000 since the beginning of the year. sq m., and 154,000 sq m is under construction. sqm Tenant activity in the first three quarters of the year was even 50 percent. higher than in the two previous years. Experts indicate that the growing interest in offices in the capital, combined with the small amount of space under construction, will limit the availability of workplaces for new tenants and may increase rents.

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Quorum D ready and green

The Quorum D building in Wrocław has obtained an occupancy permit and a BREEAM certificate at the Excellent level. Cavatina Holding in the city center on the Oder is a complex that, apart from offices, will include premium apartments, retail and service spaces, a restaurant, and green areas for relaxation.

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Americans in Quattro

Westrock, an American manufacturer of packaging for the cosmetics industry, has become a new tenant of the Quattro Business Park office complex in Krakow. The company has leased over 800 sq m. on the first floor of building D. The opening of the Westrock office is planned for October.

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