PL

Coworking comes of age

Office & mixed-use development
You’ve recently published your ‘The Future of the Coworking Sector in Poland’ report. It predicts that the new supply of coworking space on the Warsaw market next year will be half as much as this year’s. Is this anything to worry about?
Mikołaj Niemczycki, coworking clients manager, Cushman & Wakefield: I wouldn’t attach too much importance to these projections. The market has been evolving very quickly. Not so long ago, if someone had asked me whether we would have an increase of 130,000 sqm in the total space leased in this segment in 2018 alone and if coworking would account for 25 pct of the total area leased in the very centre of Warsaw, I would have found it difficult to believe. I think the supply of new locations will continue to grow, although it may not be as rapid as in previous years, when the increase was around 70 pct y-o-y. Operators will be signing contracts for 2020 and 2021 because in 2019 there will be fewer new buildings on the Warsaw market. The perfect location for a leading coworking operators is a building near the underground, right in the city centre, with excellent exposure. Will there be any new brands on the market? Definitely. This year we will see whether this happens throu
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