PL

Poland Warsaw still dominates Polish office space

Investment & finance
At the end of 2020, total modern office stock in Poland came to over 11.7 mln sqm, according to figures from Axi Immo.

Warsaw retained its dominant position with around 5,912,500 sqm and was ahead of the eight largest regional markets combined (around 5,790,000 sqm). Kraków retains the lead among the regional cities (1,554,900 sqm), while the Wrocław (1,226,300 sqm) and the TriCity (888,600 sqm) took second and third places. In the last quarter of 2020, 163,400 sqm was delivered to the market, including 75,800 sqm in three Warsaw developments and 87,600 sqm in six buildings in Poland’s regional cities. The largest completions in 2020 were Mennica Legacy Tower (47,900 sqm, Golub GetHouse), Yereal Lixa A (22,100 sqm) and Lixa B (around 5,800 sqm), all of which are in Warsaw. Other developments of note include Face2Face B in Katowice (around 26,200 sqm, Echo Investment), Hi Piotrkowska in Łódź (21,000 sqm, Master Management Group) and Unity Tower in Kraków (15,600 sqm, GD&K Group and Eurozone Equity). Total new supply over 2020 in Poland came to 700,700 sqm, with Warsaw accounting for 307,400 sqm, Krakow 140,700 sqm, Katowice 61,300 sqm, the TriCy 60,300 sqm, Wrocław 57,200 sqm, Łódź 51,500 sqm, Poznań 18,300 sqm and Szczecin – 3,400 sqm.

As a result of the pandemic, we have seen less development activity on the Polish office market compared to previous years. Developers and investors are much more cautious about starting new projects, and mostly base their decisions on the occupancy level of existing office space. In Warsaw and regional cities, some planned buildings are to be postponed, and their construction will depend on the market. Meanwhile, sub-letting has become a clear trend, driven by the general market uncertainty resulting from the lockdown as well as the rise of remote working. Both of these trends have affected the strategic office space decisions of occupiers. By our estimates, as much as 100,000 sqm was sublet in Warsaw alone last year.
Martin Lipiński, the head of office agency and tenant representation at Axi Immo.

Latest news

Warehouse & industrial

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schedule 09 March 2021
Opr./edited by NN

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schedule 09 March 2021
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Events

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schedule 27 January 2021
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schedule 09 March 2021
Opr./edited by NN

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Retail & leisure

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schedule 08 March 2021
Opr./edited by AH

AFI has announced that it is to open a 4,500 sqm shopping centre for its AFI City project, with operations to start from the beginning of 2022.

Residential

Poland Resi4Rent opens another Warsaw building

schedule 08 March 2021
Opr./edited by AH

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Warehouse & industrial

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schedule 08 March 2021
Opr./edited by AH

Accolade is constructing a 45,700 sqm warehouse building in its business park in Zielona Góra.

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schedule 08 March 2021
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Retail & leisure

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schedule 08 March 2021
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Office & mixed-use development

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schedule 05 March 2021

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Office & mixed-use development

Raiffeisen in Monopol

schedule 05 March 2021
Opr./edited by AH

Raiffeisen Bank International AG is moving into the Monopol office centre in Warsaw.

Warehouse & industrial

Romania VGP enters Bucharest

schedule 05 March 2021

Industrial developer VGP has purchased 25 ha to the north of Bucharest where it intends to develop VGP Park Bucharest.

Green projects

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schedule 05 March 2021
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Investment & finance

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schedule 05 March 2021
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schedule 05 March 2021
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Hotels

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schedule 04 March 2021

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Property and Facility Management

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schedule 04 March 2021

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Office & mixed-use development

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schedule 04 March 2021

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Office & mixed-use development

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schedule 04 March 2021
Opr./edited by NN

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Warehouse & industrial

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schedule 03 March 2021
Opr./edited by NN

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Latest in Investment & finance

schedule 05 March 2021

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schedule 03 March 2021

Prague remains dominant

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schedule 01 March 2021

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schedule 01 March 2021

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schedule 26 February 2021

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schedule 21 February 2021

CTP raises EUR 500 mln

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schedule 18 February 2021

Echo buys Archicom

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schedule 18 February 2021

Warsaw still dominates Polish office space

At the end of 2020, total modern office stock in Poland came to over 11.7 mln sqm, according to figures from Axi Immo.

schedule 18 February 2021

Investment figures in 2020 not too bad

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schedule 16 February 2021

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schedule 16 February 2021

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schedule 16 February 2021

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schedule 15 February 2021

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schedule 12 February 2021

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schedule 11 February 2021

White Stone issues bonds worth PLN 11 bln

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schedule 11 February 2021

CA Immo on a roll

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schedule 09 February 2021

Jerozolimskie BP in new hands

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schedule 04 February 2021

InPost partners with Echo

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schedule 04 February 2021

Nhood takes to the stage

Association Familiale Mulliez (AFM) has set up a new development subsidiary Nhood and appointed Etienne Dupuy as managing director.

schedule 03 February 2021

Investors ready with their chequebooks

Dealmakers are broadly positive about the prospects for M&A in Central, Eastern and South-Eastern Europe (CEE/SEE), according to a new survey from Wolf Theiss and Mergermarket.

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