I wasn’t built yesterday

Due to the rapid development of the office market in Poland, class B office buildings can sometimes seem even older than they really are being unable to keep pace with technological change, the rising awareness of the environment and increasingly demanding tenants. Such buildings must be modernised, renovated, refurbished – or just demolished. Even half of resources Karol Grejbus, the tenant representation director at Knight Frank, is the first to agree that the office market is continuing to break records with its supply of new space, and that buildings are popping up like mushrooms. “The interest shown by potential tenants is what’s important here and wherever demand and supply meet, you’ll also see competition emerge. This is particularly difficult for older buildings that are forced to keep up with their more modern neighbours if they are to stay fully leased,” he says. Paweł Warda, the director of project management for the CEE region at JLL, is