According to a new report published by Newmark Polska, the first three months of 2023 saw no new office completions in Warsaw as occupier activity weakened and the capital’s vacancy rate remained flat compared to the previous quarter. Developers are, however, commencing or planning new office projects in the city.
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.
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.
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.
Cushman & Wakefield has published a report summarizing the first half of 2022 on the largest office markets in Poland. At the end of June, the total stock of office space amounted to 12.6 million sq m. Within six months, 129,000 sq m was delivered to the capital market. sqm office space, while in regional cities a total of almost 312 thousand. sq m, the most of which in Katowice - 120 thousand. sqm
At the end of the second quarter of 2022, the Polish office market has over 12.6 million sq m. modern space. Traditionally, Warsaw remains the leader in total resources, with eight major regional markets, led by Krakow and Wroclaw, not slowing down. An example is the Tri-City, which in the second quarter of this year. joined the ranks of office millionaires. The market picture shows optimism resulting from the growing demand. AXI IMMO presents a summary of the data for the first half of 2022 on the Polish office market.
Olivia will also go for a record in terms of signed lease agreements this year. In the first half of this year. lease agreements covered 22 thousand. sqm office space.
Medicover will open its seventh Krakow medical center in the Brain Park office complex. At the new address, in the investment carried out by Echo Investment, the center will occupy over 1.5 thousand. sqm surface.
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