Grunwaldzki Center at Plac Grunwaldzki in Wrocław has been modernized. The office complex consists of three buildings with a total area of approximately 27.4 thousand sq m. 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.
The Lupo Pasta Fresca restaurant has opened on the ground floor of the HOP office building in Chmielna in Warsaw. The interiors were designed by Anna Łoskiewicz from Łoskiewicz Studio, who is also the author of the refreshed concept of the entire building. The modernization of the office building from the 1990s was completed in May this year.
In the second quarter of 2022, tenants in Wrocław leased 25.6 thousand. sqm office space. Expansions had a significant share in the transactions - 21 percent. tenants decided to expand the space occupied so far.
New Work has leased four floors of Hi Piotrkowska, the tallest utility building in Łódź. The company will occupy a total of nearly 5,000. sq m, which it intends to ultimately transform into office space for flexible lease.
The growing demand, a downward revision of the vacancy rate, an increase in the share of contract extensions in the structure of signed contracts and limited supply - these factors mainly shaped the image of Warsaw offices in the second quarter of the year. The authors of the report from BNP Paribas Real Estate Poland also draw attention to the already visible consequences of the supply gap and the need for a much broader consultancy in the field of searching for and renting office space.
The office market is still feeling the effects of numerous transformations that have taken place over the past two years. Companies are reorganizing their offices and introducing new work models. According to the Cushman & Wakefield report, "What is the future of offices?", 59 percent office tenants will ultimately implement a hybrid work model (it is 14 percentage points more than last year).
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