Office market 2018 – great expectations, even greater challenges

The year 2017 was a very good one for all sectors of the real estate market. The large number of office projects delivered across Poland filled up quickly as occupier demand remained robust. Traditional drivers of demand were joined by emerging trends that are shaping the future of the office market and commercial real estate as a whole. Great Britain has not yet left the EU, but the Brexit vote has already strongly affected the Shared Services Center industry, especially in the banking and financial sectors. London’s position as Europe’s financial centre has been jeopardised by the Brexit vote. In response, large companies are looking at moving some of their UK-based operations to the Continent. The departments which are maybe not the most strategic, but employing many staff are relocated also to Poland. The best example is the investment bank JP Morgan, which has decided to lease office space in Poland for 2,500 people, other market players have followed suit. UBS Group a