{"id":20030,"date":"2023-07-19T13:20:00","date_gmt":"2023-07-19T11:20:00","guid":{"rendered":"https:\/\/savills.przemeknova.usermd.net\/savills-supply-rebound-in-warsaw-office-market-getting-closer"},"modified":"2026-01-16T08:39:08","modified_gmt":"2026-01-16T07:39:08","slug":"savills-supply-rebound-in-warsaw-office-market-getting-closer","status":"publish","type":"post","link":"https:\/\/dev.officemarket.pl\/en\/savills-supply-rebound-in-warsaw-office-market-getting-closer","title":{"rendered":"Savills: supply rebound in Warsaw office market getting closer"},"content":{"rendered":"\n

According to the latest Savills report, in the first half of 2023, the total stock of the Warsaw office market reached 6.25 million sq. m., with a slowly leveling distribution between the central zone and the non-central area.<\/p>\n\n

Three new office buildings were completed during the first six months of the year, the largest of which is The Park 9 (White Star Real Estate, 11,000 sqm). Nearly 250,000 sqm of modern office space is currently under construction. Among others, the first phase of the Towarowa 22 mixed-use complex (Echo Investment, 31,100 sqm) and The Form (Lincoln Property, 28,000 sqm) began construction in 2023. <\/p>\n\n

Projects to be delivered to the market in later years include The Bridge (Ghelamco, 45,000 sqm), the next phase of Studio (Skanska Property Poland, 24,000 sqm) and Upper One (Strabag Real Estate, 35,900 sqm) on the site of the Atrium International building, whose demolition is nearing completion. As a result of the revival of development activity, up to more than 300,000 sq m of new space could be delivered to the market in 2025. <\/p>\n\n

Demand in the first half of this year amounted to just over 325,000 sqm, down 32% compared to the same period last year. New leases generated 57% of the total volume of leased space (43% in 2022). Renegotiations accounted for 35% of the total (39% in 2022), while expansions and pre-leases only accounted for 4% each (8% and 10% in 2022, respectively).<\/p>\n\n

\n

“After a slowdown in developer activity over the past two years, the market is feeling the first signs of an imminent rebound. However, before tenants can once again choose among newly completed projects, we will continue to see numerous renegotiations or relocations to buildings that already exist, but have vacant space of a suitable standard.” – <\/p>\ncomments Daniel Czarnecki<\/strong>, head of office space, landlord representation, Savills.<\/cite><\/blockquote>\n\n

According to Savills data, as of the end of June 2023, the vacancy rate in Warsaw stood at 11.4%, down 0.5 pp year-on-year. Monthly rates in the most prestigious locations of the Centrum zone remained in the range of EUR 22.5-25.5 per sqm per month, and in S\u0142u\u017cewiec at EUR 13.00-15.00 per sqm per month. However, tenants have to reckon with the rising cost of service charges. <\/p>\n\n

\n

“In line with the increases in maintenance fees predicted last year, we are now seeing in modern office buildings in Warsaw that they have begun to exceed PLN 30.00 per sq. m. per month, and there are also cases of rates above PLN 35.00. Tenants are increasingly deciding to carefully analyze these costs, both in the offices they currently occupy and those they plan to move to, and savings can be achieved as a result.” <\/p>\nadds Krzysztof Sakierski<\/strong>, director of strategic consulting, Savills.<\/cite><\/blockquote>\n\n

Download the report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest Savills report, in the first half of 2023, the total stock of the Warsaw office market reached 6.25 million sq. m., with a slowly leveling distribution between the central zone and the non-central area. Three new office buildings were completed during the first six months of the year, the largest of […]<\/p>\n","protected":false},"author":2,"featured_media":1271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[557],"tags":[766],"strefa_wiedzy":[55],"class_list":["post-20030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bialystok-2","tag-commercial-leasing","strefa_wiedzy-news"],"acf":{"autor_1":{"autor_aktualnosci_1":{"ID":20620,"post_author":"2","post_date":"2026-02-17 09:02:36","post_date_gmt":"2026-02-17 08:02:36","post_content":"","post_title":"Daniel Czarnecki","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"daniel-czarnecki","to_ping":"","pinged":"","post_modified":"2026-02-17 09:02:36","post_modified_gmt":"2026-02-17 08:02:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20620","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"autor_2":{"autor_aktualnosci_2":{"ID":20656,"post_author":"2","post_date":"2026-02-17 09:17:27","post_date_gmt":"2026-02-17 08:17:27","post_content":"","post_title":"Krzysztof Sakierski","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krzysztof-sakierski","to_ping":"","pinged":"","post_modified":"2026-02-17 09:17:27","post_modified_gmt":"2026-02-17 08:17:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20656","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"powiazane":[{"ID":20032,"post_author":"2","post_date":"2023-08-01 13:15:00","post_date_gmt":"2023-08-01 11:15:00","post_content":"\n

It is this last mentioned element - the new arrangement of common areas - that will soon be the hallmark of the Forum76 office building (76 Pilsudski Avenue), the first A-class office building in Lodz. It opened 14 years ago, so it's high time for a facelift of the interiors and facade. - We realize that over this time the needs of tenants and employees have changed. Of course, the main factor of change has been the pandemic and the new, more flexible approach of employers to coming into offices,\" explains Guy Speir of Forum 76. <\/strong>He adds: - Making the office experience itself more attractive is very important. Today it's not a place to work, but a place to meet, exchange ideas, create together. Employers should take care of the atmosphere in the company, and it is our job as managers to prepare a friendly space that will be an enticing attraction, prompting people to leave home for the office, the expert stresses. <\/p>\n\n

Therefore, the owner of the office building decided to cooperate with the Academy of Fine Arts in Lodz. Initially, the cooperation assumed the design of common areas, but the cooperation is going so well that the scope will be larger. - In the first stage, we developed changes in the reception area and corridors. In the winter semester, students will take the former conference room, where they will create a friendly co-working space. Exactly the kind of space they themselves would like to work in. It's meant to be attractive to young people who are looking for inspiring places to work. We will also lean on the appearance of the facade,\" explains Dr. Eng. arch. Robert Sobanski, prof. of the university, architect and coordinator of the design team. <\/p>\n\n

The cooperation with the university is an excellent example of activity that differentiates the office leasing offer. - We see that classic, even generic office interiors are no longer attractive to tenants. The trend of personalization is very common in products, in services, and is also entering other industries. We adapt to today's needs and are open to rearranging offices according to tenants' ideas. A modern office is one that brings joy, stimulates new ideas and is a place where you want to stay,\" adds Guy Speir. <\/p>\n\n

What else are prospective tenants paying attention to today? - Like never before, they are analyzing electricity contracts and checking costs. Increasingly, they are also looking at ESG strategies - sustainable development, especially in terms of caring for the environment. Other threads also count - our advantage is our excellent location and good access from every district of the city, as well as from the highway. On the subject of access to the office, we have other advantages: separate bicycle parking, and in the case of cars - a high parking ratio, which in Forum 76 is 1:60. This is an unprecedented value in office buildings in city centers, the expert stresses. This means that there is one parking space for every 60 sqm. For comparison - in the center of Warsaw this ratio can be 1:200. <\/p>\n\n

Additional elements that make the office more attractive are also well appreciated. - In our case, this is certainly a green roof with a terrace open to all employees, a friendly management office team and an absolutely unique canteen, which is one of the best Indian restaurants in Lodz, namely Curry Masala,\" recalls Guy Speir. <\/p>\n\n

Savills is the exclusive leasing consultant for the building. <\/p>\n","post_title":"\u0141\u00f3d\u017a is the toughest office market - this is where space owners and managers need to find their differentiator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lodz-is-the-toughest-office-market-this-is-where-space-owners-and-managers-need-to-find-their-differentiator","to_ping":"","pinged":"","post_modified":"2026-01-16 08:40:11","post_modified_gmt":"2026-01-16 07:40:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/lodz-is-the-toughest-office-market-this-is-where-space-owners-and-managers-need-to-find-their-differentiator","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20082,"post_author":"2","post_date":"2024-09-24 15:38:00","post_date_gmt":"2024-09-24 13:38:00","post_content":"\n

At the end of June, the total supply of modern office space in Krakow reached 1.82 million sqm, making it the largest regional office market in Poland. 434,200 sqm of space (24% of the total supply) is located in the city center, underscoring the importance of this zone as a key office area. In the first half of the year, 14,400 sqm of modern office space was delivered, down 65% year-on-year. New supply closed in two projects: Brain Park C in the Center zone and Roko Office Point in the Southeast zone. A positive sign is the up to 85% occupancy rate recorded in newly completed buildings.<\/p>\n\n

At the end of the first half of the year, there was 44,900 sqm of office space under construction in six projects in Krakow, down 54% year-on-year. More than 70% of this space is located in the city center, with Echo Investment's WITA project the largest. The developer has planned 26,700 sqm of space in the city's residential-commercial complex, which will be furnished with workspace. <\/p>\n\n

Despite the challenges, Krak\u00f3w's office market saw an increase in tenant activity, with total leasing reaching 93,500 sqm, up 13% year-on-year. The highest tenant activity took place in the Southeast and Center zones, where 24,400 sqm and 23,800 sqm of office space were leased, respectively.<\/p>\n\n

\n

- Krakow remains one of the most important office centers in Poland. Despite an increase in the vacancy rate to just over 20%, we are seeing stable demand for Class A office space. The Center zone has the lowest vacancy rate at 11.9%, showing that tenants still prefer well-located and high-quality offices. New projects currently under construction and stable demand give hope for further development of the market <\/em> \u2013 <\/p>\nsay Jaros\u0142aw Pilch<\/strong>, Head of Tenant Representation Office Agency Savills.<\/cite><\/blockquote>\n\n

The authors of the report from Savills also point out that despite the challenges, Krak\u00f3w's office market recorded a positive net absorption of 4,100 sqm, a significant improvement over the result of -5,800 sqm in the same period last year.<\/p>\n\n

In recent quarters, Krak\u00f3w's office market has seen an increase in rental rates, particularly for prime buildings. Asking rents for Class A office space at the end of June ranged from EUR 13.50 to EUR 16.50 per sqm. per month<\/p>\n\n

\n

- Rental increases are dictated by high inflation and rising construction costs. In addition, the market is seeing a trend of increasing incentive packages offered by landlords, offset by higher asking rents <\/em> -<\/p>\n add Jaros\u0142aw Pilch<\/strong>.<\/cite><\/blockquote>\n\n

The report shows that maintenance fees for well-maintained and managed properties typically range from PLN 18.00 to PLN 25.00 per sqm per month, although in some cases they can exceed PLN 30.00 per sqm. <\/p>\n","post_title":"Krakow office market: challenges and stabilization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"krakow-office-market-challenges-and-stabilization","to_ping":"","pinged":"","post_modified":"2026-01-16 09:24:44","post_modified_gmt":"2026-01-16 08:24:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/krakow-office-market-challenges-and-stabilization","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20100,"post_author":"2","post_date":"2025-01-20 14:07:00","post_date_gmt":"2025-01-20 13:07:00","post_content":"\n

The Warsaw office of Kochanski & Partners has been located in Metropolitan Warsaw since 2011. During that time, as the law firm has grown, the office's square footage has also expanded, and today it occupies an area of just over 2,100 sq. ft. sq. m.<\/p>\n\n

The building, located just off the Royal Route and Saxon Garden, with a public courtyard and luxurious retail space, is home to the firm's nearly 200-person team, which specializes in infrastructure, global finance and capital markets, data economy, decarbonization and energy, ESG, and technology and artificial intelligence, among other areas. <\/p>\n\n

\n

- We're glad we're staying home, because that's how we've felt about Pilsudski Square for years. Exceptional location and neighborhood, world-class architecture, appropriate scale and quality of management; all of this makes Metropolitan Warsaw the best ground for us to grow in <\/em>- <\/p>\nsays Piotr Kochanski<\/strong>, Managing Partner of Kochanski & Partners.<\/cite><\/blockquote>\n\n

\n

- I congratulate Kochanski & Partners on making the best possible choice and thank them for their partnership. The Metropolitan is a unique building, a brand in itself. Thanks to its location, standard and amenities, as well as the manager's attention to everyday working comfort, the building at Pilsudski Square is all the time a real gem on the office map of Warsaw. This is known by domestic and foreign companies, leaders in their industries, who choose Metropolitana as their address. <\/em> \u2013 <\/p>\nsays Jaros\u0142aw Pilch<\/strong>, Head of Tenant Representation, Office Agency, Savills.<\/cite><\/blockquote>\n\n

In addition to top-notch office space, totaling 33,722 sq. m., Metropolitan Warsaw also houses boutiques with exclusive brands and a prestigious fitness club.<\/p>\n\n

The building provides its tenants and visitors with 441 underground parking spaces and charging stations for electric cars. Some of the spaces are made available for public parking for those who visit this part of the city. People working at Metropolitan Warsaw can also reach the office by bicycle, using the city's main bicycle routes running along nearby streets - Marsza\u0142kowska Street, Krakowskie Przedmie\u015bcie Street or the path along Kasprzak-Prosta-\u015awi\u0119tokrzyska Street. The building provides them with full bicycle infrastructure. <\/p>\n\n

\n

- We are very pleased that Metropolitan Warsaw has once again been chosen as its headquarters by a renowned law firm. This is an expression of confidence in the superior quality of the building, its exceptional location and surroundings, as well as the management standards we provide to our tenants. Metropolitan Warsaw attracts leaders in their categories, top brands and companies with the best reputations. Kochanski & Partners' continued lease is part of a series of last year's extensions and new contracts signed at Metropolitan Warsaw by leading companies operating in various industries <\/em>- <\/p>\nsays Joanna Kowalska-Szymczak<\/strong>, founder and CEO of EBRU Capital, the company acting as asset manager for Metropolitan Warsaw.<\/cite><\/blockquote>\n\n

The quality of the building and the environmentally friendly solutions used in it are evidenced by a BREEAM certificate at the Excellent level. Metropolitan Warsaw has also been recognized for its safety procedures with a WELL Health-Safety Rating and a WiredScore certification at the highest Platinum level for digital connectivity, quality of teletechnical solutions and emergency plans. <\/p>\n","post_title":"Kocha\u0144ski & Partners law firm to remain longer at Plac Pi\u0142sudskiego","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kochanski-partners-law-firm-to-remain-longer-at-plac-pilsudskiego","to_ping":"","pinged":"","post_modified":"2026-01-16 09:32:38","post_modified_gmt":"2026-01-16 08:32:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/kochanski-partners-law-firm-to-remain-longer-at-plac-pilsudskiego","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"wstep":"

The Warsaw office real estate market is showing the first signs of an imminent increase in development activity, according to real estate consultancy Savills. Three new office buildings were completed during the first half of 2023. However, a significant increase in supply is not expected until 2025. <\/p>\n"},"yoast_head":"\nSavills: supply rebound in Warsaw office market getting closer - Officemarket.pl by Savills<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savills: supply rebound in Warsaw office market getting closer - Officemarket.pl by Savills\" \/>\n<meta property=\"og:description\" content=\"According to the latest Savills report, in the first half of 2023, the total stock of the Warsaw office market reached 6.25 million sq. m., with a slowly leveling distribution between the central zone and the non-central area. 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