In Q3 this year, the stock of modern office space in the capital has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market in the country, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.
Dynamic growth of the central zone
This year, Warsaw will not be approaching the record volume of new supply from 2016. We will have to wait for new high results until 2019 and 2020 when some truly spectacular schemes will be completed. The schemes will not only change the situation on the business and office map of the city, but also permanently alter its landscape
Patrycja Dzikowska, Head of Research and Consultancy, CEE, BNP Paribas Real Estate Poland
Stable high demand
Co-working – a new lease trend
Changes in the area of new technologies, as well as in culture and social media, entail changes in the way we work. This applies not only to freelancers and start-ups, but also to medium-sized companies, and sometimes even corporations. Flexible workplaces are the answer to market needs, and the co-working offensive is ongoing and will continue. Particularly as we are witnessing increased interest from global players in this segment
Małgorzata Fibakiewicz, Director of Office Agency, BNP Paribas Real Estate Poland