It has been ten years since Poland’s accession to the European Union. In this period the office market has experienced dynamic growth. Total office stock in Poland in 2004 amounted to 2.4 mln sqm. Now it is nearly 6.5 mln sqm.
Poland’s entry into European structures certainly changed the perception of our country. Of course the date of the accession to the EU now has a rather symbolic resonance. But it is worth remembering that just before accession (when it was clear that we would become a rightful EU member state), the perception of Poland was also changing. For many investors it was a signal that we were becoming a civilised and safe economy. On the one hand, it had a strong psychological significance; and on the other, it translated into the development of office and other markets across Poland. It is important that not only Warsaw benefited from Poland’s EU accession, but regional cities too. European funds, such as JESSICA (Joint European Support for Sustainab
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young