Several years ago, a Warsaw analyst referred to the Tri-City
real estate market as "shallow". As far as offices are concerned, the
situation hasn't altered but when it comes to retail space, Tri-City is buzzing
In "Poland: The real state of the real estate"
published by the Ernst & Young consultancy firm, it is stated that the total
demand for office space in this part of northern Poland amounts to approximately
270,000 sqm. Compared to the smaller Poznań, with its total of 550,000 sqm,
Kraków with 450,000 sqm or Wrocław with 500,000 sqm, Tri-City seems a small
market indeed. Does it mean that developers should avoid investing in office
buildings here, or that on the contrary, this market is open to new, attractive
stock?
Cinema to office block
This seems to be the view of Portico Development, which along with the
experienced developer Apollo-Rida, has decided to build the Baltic Corporate
Centre right in the centre of Gdańsk, at the crossroads