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Office & mixed-use development
The office subleasing sector has been growing at a dizzying rate. Market players say that they want to grow, there is a great deal of available space on the market and it is a promising segment. And everyone is saying that there is either no competition or that they are not afraid of it. Is this the ideal business to be in?
The growth of the shared, serviced and co-working office market is the latest repsonse to changing realities. “The traditional model for leasing office space has recently been undergoing some significant changes, which on the one hand represents an obvious evolution towards fulfilling employees’ expectations, and on the other hand is a response to the deteriorating conditions for travelling to work,” says Paweł Ornatek, the managing director at Regus Poland, which has provided office space in 15 locations in six Polish cities for 25 years. “On the market there are traditional offices and workplaces for business incubators. We are somewhere in-between,” explains Hadley Dean, who is developing a new chain of serviced offices under the name of Compass Offices in the region. Until recently Regus had a virtual monopoly in the field of subleasing offices. Of course, there have always been co-working areas, but these have most
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