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Office Market News

Savills to manage Mogilska 35 Office in Kraków

Savills has been appointed as property manager for Mogilska 35 Office in Kraków. The six-floor office building is one of the latest office projects delivered in southern Poland by Warimpex.

Poland's office market enters optimization phase

2023 was marked in Poland by a shrinking office development pipeline amid a continued focus on the optimization of office footprints and overall office running costs. It was also another year in which both tenants and developers faced relatively high office fit-out costs. In addition, high borrowing costs were a drag on expansion, with caution being a key theme characterizing the Polish office market, says Newmark.

Warimpex opens new office building in Kraków

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre and is named after its address on Mogilska Street. There are also Warimpex office buildings at numbers 41 and 43, which are fully occupied. Mogilska 35 is already almost half let and also offers flexible coworking options.

Offices in Poland are becoming increasingly popular

Interest in leasing offices in Poland is growing. In the third quarter, both in Warsaw and in the regional markets, the demand for office space was the highest this year. In the regions, 2023 will close with a result similar to the record from 2019.

Second phase of the studio office complex begins

Modern office spaces, solutions aimed at reducing environmental impact as well and intriguing landscaping that complements the urban fabric are just some of the distinctive features of the Studio A building. Skanska’s latest investment will contribute 26,600 sqm of office space to Warsaw. The building is scheduled to be commissioned in 2025.

More deals take place in the Polish office market

Cushman & Wakefield has summarized the third quarter of 2023 on the Polish office market. Office development activity continues to slow down both in Warsaw and in Poland’s regional city markets. Nominal leasing activity remains high in the largest regional cities, with Warsaw reporting a record number of leases.

Deutsche Pfandbriefbank provides €75 million loan for CEDET office building

pbb Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors.

Avenga chooses Infinity

Avenga, a global provider of IT and software engineering solutions, has been welcomed as a new tenant of the Infinity office building. Its new office will occupy over 700 sqm of modern space located on the 6th floor. The company will move to Infinity in Q2 2024.
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