According to a report published by BNP Paribas Real Estate Poland, around 715,000 sqm of modern office space was under construction within Poland’s eight largest markets at the end of 2021. Experts also note the further strengthening of the hybrid work model, the increasing popularity of various forms of flexible office working, and the growing importance of ESG solutions. An important factor shaping the market in the nearest future will be the rising costs of living, which will ultimately mean higher base rents and increased service charges.
2021 was to a large extent the year of lease extensions. Out of the six largest contracts concluded, five were prolongations of existing contracts and one was a pre-lease agreement. We can see that despite the declarations of many companies and employees regarding their willingness to return to their desks, many tenants are still very prudent about this topic. Moreover, it turns out that the office, is a key factor within the context of development, creating new jobs or making strategic decisions regarding various work models, including remote or hybrid working
emphasizes Michał Karolkiewicz, Consultant from the Office Agency at BNP Paribas Real Estate.
The health crisis and uncertainty about the further evolution of the pandemic, but also changes in work styles, greater mobility, technological advances and the growing importance of the shared economy, have provided a solid base enabling the development of various forms of flexible office solutions. Last year has shown that people readily work at desks within flex spaces, not only in the capital city, but also more and more willingly in regional cities
emphasizes Małgorzata Fibakiewicz, Head of Business Intelligence Hub at BNP Paribas Real Estate Poland.