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Office Market News

Italian cuisine in a postmodern office building

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.

More contracts, higher rents

High tenant activity and a drop in the vacancy rate in Warsaw - this is how Cushman & Wakefield experts summarize the first half of 2022 on the Warsaw office market.

Film Festivals again after renovation

Futureal Investments Partners will begin renovation of one of the recently acquired real estate investments in Poland. The Wratislavia Tower office building in Wrocław will be renovated and adapted to the requirements of the BREEAM Excellent In-Use certificate. The City of Wrocław will rent over half of the complex.

Stable Wrocław

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.

Large New Work at Piotrkowska

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.

Demand is rising, supply is lagging behind

In the first half of the year, the demand in the Warsaw office market reached over 485 thousand. sq m, which is almost twice as much as in the same period in 2021 - according to the latest CBRE data. At the same time, over 260,000 sq m is currently under construction. sqm area - at least in 10 years.

Record result for the ISS

ISS Hub, the second global seat of the ISS Group in Warsaw after Kopehnhaga, was evaluated by Mobility Mojo, an organization analyzing facilities that improve the accessibility of places for people with disabilities. The office received the highest-ever rating and certification at the "Platinum" level.

Office space in Krakow attracts tenants

According to data from Knight Frank, the Krakow office market in the first half of 2022 increased by 47.7 thousand. sqm., and 170,000 sq m is under construction. sqm During this period, new tenants signed contracts for 109,000 sq m. sqm surface.

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