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.
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.
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.
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.
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.
The cooperation of two entities operating on the flexible office space market will start soon. Collab present in the Tri-City and operating in seven other Polish cities Loftmill will create a partner network under which tenants can use the offer of both operators on preferential terms, regardless of location.
Both the market data and the results of the Office Agency Department at Colliers in the first half of 2022 show that tenants' activity in the office market is growing dynamically.
HB Reavis has completed the construction of a skyscraper in the center of Warsaw. The skyscraper, designed by Foster + Partners, offers 70,000 sq m. sqm of space and is the tallest building in the European Union in terms of architectural height. The first tenants will soon move into the office building.
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