The Warsaw office market has grown in the first quarter of 2017 by more than 83 000 sqm of modern office space, thus reaching a level of 5.26 million sqm. Experts at BNP Paribas Real Estate Poland estimate that by 2020 Warsaw will see the delivery of further 890 000 sqm of office space currently at various stages of completion. The record level of supply and the market’s maturity mean that tenants will be making extremely informed decisions in respect of selection of new office locations.
More vacant office space
Office buildings prefer Wola
The centre still valued
The office space race – which is first and foremost beneficial to tenants – is in full swing now. All large tenants ready to make the decision to lease office space in excess of 2 000 sqm can count on a truly individually tailored offer with a diversified incentive package. Ultimately, the effective rent for this type of transactions can on average be as much as 20-30% lower than the asking rent
Anna Staniszewska, author of the analysis, Head of Research and Consultancy
Where you work is of definite importance
Head of Marketing & PR, Central & Eastern Europe at BNP Paribas Real Estate Poland