{"id":20072,"date":"2024-07-26T09:31:00","date_gmt":"2024-07-26T07:31:00","guid":{"rendered":"https:\/\/savills.przemeknova.usermd.net\/warsaw-office-market-in-h1-2024-stable-demand-rising-finishing-costs-and-green-deals"},"modified":"2026-01-16T09:17:10","modified_gmt":"2026-01-16T08:17:10","slug":"warsaw-office-market-in-h1-2024-stable-demand-rising-finishing-costs-and-green-deals","status":"publish","type":"post","link":"https:\/\/dev.officemarket.pl\/en\/warsaw-office-market-in-h1-2024-stable-demand-rising-finishing-costs-and-green-deals","title":{"rendered":"Warsaw office market in H1 2024: stable demand, rising finishing costs and green deals"},"content":{"rendered":"\n

HIGHER SUPPLY AND MORE OFFICES UNDER CONSTRUCTION<\/strong><\/h3>\n\n

At the end of June, the total supply of office space in the capital stood at 6.25 million sqm. About 45 percent of this space is located in the city’s central zones, with 1.01 million sq. m. located in the Central Business District (CBD) and 1.81 million sq. m. in the Center zone. The remaining 55 percent of office space is located outside the center, with the largest non-central office zone being Sluzewiec, which accounts for 17 percent of the city’s total supply. <\/p>\n\n

A total of 63,700 sq. m. of new office space was delivered to the market in the first half of the year, compared to 60,900 sq. m. delivered in the entire 2023. The largest completed projects were the third phase of the Lixa complex developed by Yareal (26,300 sqm), the renovation of Saski Crescent (15,500 sqm) and the Vibe A building developed by Ghelamco (15,000 sqm). <\/p>\n\n

Savills experts point out in the report that at the end of June there was 281,000 sqm of Warsaw office space under construction, 83 percent (234,100 sqm) of which was located in the central zones, including 198,600 sqm in the Centrum zone and 35,500 sqm in the CBD. Since the beginning of the year, construction has started on more than 92,400 sq m of office space located in six buildings, including the largest: V Tower (renovation; 30,700 sqm), Skyliner II (23,000 sqm) and VENA (15,400 sqm). <\/p>\n\n

HALF YEAR MARKED BY RENEGOTIATIONS<\/strong><\/h3>\n\n

From January to the end of June, tenants in Warsaw signed leases for 316,400 sqm of office space, down just 2 percent from the same period in 2023. In the first quarter, demand was around 138,000 sqm, and in the second quarter it rose to 178,400 sqm. Off-center offices were the most popular, accounting for 60 percent of total demand (190,100 sqm). In the pool of signed contracts, more than half – 51 percent. – were renegotiations. New contracts accounted for 41 percent, expansions 7 percent and pre-leases only 1 percent.<\/p>\n\n

\n

– Currently, the market is often faced with high finishing costs, which can make it difficult for tenants, especially those looking for smaller offices, to fine-tune their leases. They expect support in furnishing the space to a high standard, while the most important thing for owners is financial efficiency. One solution, of course, is to extend the lease term to seven or even ten years, but this often does not satisfy tenants. An alternative may be to choose flexible office space, which offers a very high standard and which can be rented for a short period of time right away. We are confident that flexible offices will go from strength to strength and become increasingly popular, especially among tenants interested in smaller spaces <\/em> –<\/p>\n says Jaroslaw Pilch<\/strong>, Head of Tenant Representation, Office Agency, Savills Poland.<\/cite><\/blockquote>\n\n

GREEN BUILDINGS ON THE RISE<\/strong><\/h3>\n\n

At the end of the first half of the year, there was 680,400 sqm of vacant office space in Warsaw, which translated into a vacancy rate of 10.9 percent (down 20 bps quarter-on-quarter and 50 bps year-on-year). Savills experts point out that currently only two zones have a rate that remains above the 100,000 sqm ceiling. – In the S\u0142u\u017cewiec zone (207,900 sqm and 19.6 percent) and Centrum (160,600 sqm and 8.9 percent). The least vacant offices at the end of June were recorded in the Pulawska Street corridor (vacancy rate of 5.3 percent). <\/p>\n\n

\n

– With the requirements of EU guidelines, environmental goals are becoming increasingly important to office tenants. With companies striving for climate neutrality, there is no turning back from building and using “green buildings.” Significantly, Warsaw is able to respond very well to these needs, with about 70% of its office space in stock certified to BREEAM, LEED or WELL standards. This makes it much easier for tenants to choose an office that meets the highest environmental standards. By the first half of 2024, at least 85 percent of the city’s leased space was in certified buildings <\/em> \u2013 <\/p>\ncomments Daniel Czarnecki<\/strong>, Head of Landlord Representation, Savills Poland.<\/cite><\/blockquote>\n\n

Offer rents in prime locations in the Central Business District (CBD) at the end of the analyzed period averaged between 22.50 and 26.00 EUR\/sq.m.\/month, and in some buildings exceeded 27.00 EUR\/sq.m.\/month. In S\u0142u\u017cewiec, the largest non-central zone, after slight increases for the best offices, one had to pay between 13.25 and 15.00 EUR\/sq.m.\/month.<\/p>\n\n

See the report Market in Minutes: Warsaw Office Market H1 2024<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

HIGHER SUPPLY AND MORE OFFICES UNDER CONSTRUCTION At the end of June, the total supply of office space in the capital stood at 6.25 million sqm. About 45 percent of this space is located in the city’s central zones, with 1.01 million sq. m. located in the Central Business District (CBD) and 1.81 million sq. […]<\/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":[278],"strefa_wiedzy":[55],"class_list":["post-20072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bialystok-2","tag-offices","strefa_wiedzy-news"],"acf":{"autor_1":{"autor_aktualnosci_1":{"ID":20632,"post_author":"2","post_date":"2026-02-17 09:07:31","post_date_gmt":"2026-02-17 08:07:31","post_content":"","post_title":"Jaros\u0142aw Pilch","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jaroslaw-pilch","to_ping":"","pinged":"","post_modified":"2026-02-23 12:58:37","post_modified_gmt":"2026-02-23 11:58:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20632","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"autor_2":{"autor_aktualnosci_2":{"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"}},"powiazane":[{"ID":11757,"post_author":"2","post_date":"2025-04-24 12:03:16","post_date_gmt":"2025-04-24 10:03:16","post_content":"\n

RESOURCE STRUCTURE<\/strong><\/h3>\n\n

At the end of March, the total office stock of the eight major regional cities stood at 6.76 million sqm. The most developed markets remain Krakow, Wroclaw and the Tri-City, which together concentrate 63% of the stock. Each of these cities has more than 1 million sq. m. of modern space. Katowice, Pozna\u0144 and \u0141\u00f3d\u017a together account for 31% of the resources, while Lublin and Szczecin account for the remaining 6%. <\/p>\n\n

Less than 203,000 sqm remains under construction, down 26% from a year ago. By comparison, annual average volumes from 2015-2019 reached 908,000 sqm, and from 2020-2024 - 522,000 sqm. Such a pronounced reduction in new investments may result in a further decline in available space in the coming quarters, and thus also in a reduction in leasing options for tenants.<\/p>\n\n

PUSTOSTANS<\/strong><\/h3>\n\n

At the end of March, the regions had 1.18 million sq. m. of vacant space, translating into an average vacancy rate of 17.5% (down 0.3 p.p. y\/y). Five cities had vacancy rates of at least 15%, and these were \u0141\u00f3d\u017a (22.3%), Katowice (21.1%), Wroc\u0142aw (20.4%), Krak\u00f3w (14.6%) and Pozna\u0144 (15.0%). Space availability was lower in the remaining cities, with the rate between 8% in Szczecin and 12.6% in the Tri-City. <\/p>\n\n

\n

- Limited supply puts landlords in a fairly comfortable position, as it potentially opens up room for rental growth in the near term. Nevertheless, with the current high vacancy rate and strong competition, successful commercialization today requires extremely active efforts to attract and retain tenants <\/em><\/p>\nDaniel Czarnecki<\/strong>, Head of Landlord Representation, Office Agency, Savills.<\/cite><\/blockquote>\n\n

DEMAND AND SECTORS DRIVING THE MARKET<\/strong><\/h3>\n\n

Despite scant new supply, demand in regional cities remained strong, reaching 176,900 sqm in the first quarter. This is 27% better than a year ago and 17% above the average for the first quarters of 2020-2024. Tenants were particularly active in Krakow (56,600 sq m) and Wroclaw (43,800 sq m). Higher gross demand than in the same period last year was also recorded in the Tri-City, Katowice, Pozna\u0144 and Lublin. <\/p>\n\n

Four industries - IT, business services, manufacturing and finance - generated a total of 58% of total demand. The IT sector had the largest share (18%), just ahead of business services (16%), manufacturing (14%) and finance (10%). 5% went to flex office operators, who chose to expand their business in the regions. The structure of transactions shows that almost half of the volume was accounted for by renegotiations of existing contracts (48%), while new contracts accounted for 41%. In addition, there was an 8% share of expansions and 3% of pre-leases. <\/p>\n\n

\n

- The average regional vacancy rate is still around 18%, which may give a false sense of comfort, but with historically low new supply, this \u201ccushion\u201d may shrink faster than it seems. Companies planning to expand or relocate should therefore book space well in advance and finalize contracts quickly to secure the best locations and terms <\/em>- <\/p>\nJaroslaw Pilch<\/strong>, Head of Tenant Representation, Office Agency, Savills.<\/cite><\/blockquote>\n\n

RENTS AND OPERATING COSTS<\/strong><\/h3>\n\n

Base rates in A-class office buildings in the regions were between EUR 12.00 and EUR 17.00\/sqm\/month. The highest rents are in Pozna\u0144 (up to EUR 17), followed closely by Krak\u00f3w and Wroc\u0142aw (up to EUR 16.50). Maintenance fees, as a rule, do not exceed 37 PLN\/sq.m.\/month, although their amount depends mainly on the efficiency of the building.<\/p>\n\n

PERSPECTIVES<\/strong><\/h3>\n\n
\n

- By the end of 2027, developers say they will have delivered up to 475,000 sq. m. of new space. The vast majority of this space may not hit the market until the final year of the forecast. Much, however, depends on market conditions, i.e. further decline in office availability, increased tenant activity and access to financing for projects, among others <\/em>-<\/p>\n comments Wioleta Wojtczak<\/strong>, Head of Research, Savills.<\/cite><\/blockquote>\n\n

The current market situation favors owners of the best-located and sustainable buildings, but at the same time raises the bar for planned projects - only those of the highest standard, well connected and with confirmed demand in the form of pre-leases - will have a chance for commercialization.<\/p>\n\n

Download the report: Savills MiM Office Regions Q1 2025<\/a><\/p>\n","post_title":"Regional offices under pressure from limited supply","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-offices-under-pressure-from-limited-supply","to_ping":"","pinged":"","post_modified":"2025-08-27 14:08:02","post_modified_gmt":"2025-08-27 12:08:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/regional-offices-under-pressure-from-limited-supply","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11761,"post_author":"2","post_date":"2025-04-14 13:16:00","post_date_gmt":"2025-04-14 11:16:00","post_content":"\n

REBRANDING AND SPACE REFRESH<\/strong><\/p>\n\n

The new name and identity, along with the image change, are meant to emphasize the balance between modern technological solutions and care for comfort and environment, which the building \u2013 formerly Atrium 1, now Wise Point<\/em> \u2013 has always had in its DNA.<\/p>\n\n

The name change to Wise Point is not just a new visual identity, but primarily a refresh of the property. As part of this process, refreshing the lobby and halls has been planned, as well as designing the creation of green space around the building. The concept was created by Artchitecture design studio. The firm founded by Marek Kubaczek was involved in projects including: the Warsaw boulevards project, which won the Grand Prix of the Warsaw Mayor's Architectural Award for best public space, and collaboration with Daniel Libeskind on the luxury apartment building Z\u0142ota 44 project. It also has the recent renovation project of the North Gate office building to its credit, including a facelift of public spaces and application of the \"urban jungle\" concept.<\/p>\n\n

Modernization work will also include technological systems. The building, constructed in 2013 by Skanska Property Poland, utilizes solutions including a geothermal heating and cooling system with probes reaching 200 m deep into the ground, photovoltaic panels, and a gray and rainwater recovery system \u2013 solutions that save over 7 million liters of water annually, equivalent to two Olympic swimming pools. Additionally, the planned modernization of the BMS (building management system) will allow for even more efficient automation control and precise data analysis in Wise Point, which will further reduce operational costs and improve tenant comfort. <\/p>\n\n

LOCATION ADVANTAGES<\/strong><\/p>\n\n

Located at the UN Roundabout, Wise Point offers excellent access to public transportation \u2013 the metro station is just 100 meters from the building, and numerous tram and bus lines provide easy access. Additionally, there is extensive service infrastructure in the immediate vicinity, including restaurants, cafes, and bike paths, making the property a good workplace for dynamic companies. <\/p>\n\n

- The rebranding and major facelift of Wise Point is a response to the needs of companies that value efficiency and sustainable development, while seeking a top location and proven solutions. Investments in modern technologies and eco-friendly systems make the building an even more attractive workplace in central Warsaw. The changes and new opening of Wise Point to the market coincide with the release for lease of over 17,000 sq m sq. m. of space<\/em> \u2013 adds Lidia Malec, Associate Director at advisory firm Savills, which is the exclusive agent responsible for leasing space in the building.<\/p>\n\n

The available space is distributed across 14 floors. Typical floor sizes from 1,200 to 1,400 sq m offer various arrangement possibilities, allowing offices to be tailored to the needs of companies of different sizes. <\/p>\n\n

INVESTMENT IN THE FUTURE<\/strong><\/p>\n\n

The building's transformation is not just an image change, but also an investment in modern solutions that affect energy efficiency and work comfort. Wise Point combines tradition with innovation, offering space ideal for companies seeking a stable and friendly business environment in the capital's center. <\/p>\n","post_title":"From Atrium 1 to Wise Point: how an Office Building in Central Warsaw Changes its Name and Welcomes Tenants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"from-atrium-1-to-wise-point-how-an-office-building-in-central-warsaw-changes-its-name-and-welcomes-tenants","to_ping":"","pinged":"","post_modified":"2025-08-27 14:14:22","post_modified_gmt":"2025-08-27 12:14:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/from-atrium-1-to-wise-point-how-an-office-building-in-central-warsaw-changes-its-name-and-welcomes-tenants","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20094,"post_author":"2","post_date":"2024-12-06 14:35:53","post_date_gmt":"2024-12-06 13:35:53","post_content":"\n

The new-old tenant of the office building is the Company Development Fund S.A. (FRS). The state-owned company, responsible for asset management in the shipbuilding sector, has leased 466 sqm of space. The return of FRS to North Gate after time is proof that the location, standard of the office building and its management are highly appreciated by tenants who have worked and are working in the building. <\/p>\n\n

RLG Systems Poland has also located its headquarters at Bonifraterska Street. The environmental consulting company, which is part of the RLG Group, has leased 300 sqm of space. The choice of North Gate for the new office proves that the building meets ecological requirements, crucial for tenants in the environment-related industry. Adriana Binkiewicz of Brookfield Partners agency represented the company in the transaction. <\/p>\n\n

\n

- We see the return of the Company Development Fund to North Gate as a recognition of the building's quality. The fact that the tenant has again chosen this location proves that the building, despite the passage of years, meets the highest standards of modern office buildings. The office building's assets, such as its convenient location with good access to public transportation, modern amenities and ecological solutions confirmed by the BREEAM In-Use certificate at the Excellent level, will certainly contribute to the work comfort and further development of both new tenants <\/em> \u2013 <\/p>\nsays Monika Wakulska<\/strong>, Associate Director, Office Space, Savills Poland.<\/cite><\/blockquote>\n\n

North Gate is a nearly 90-meter high Class A office building located at 17 Bonifraterska Street in Warsaw. The building offers 29,000 sq. m. of leasable office space, has a five-level parking garage for 310 vehicles and extensive cycling facilities with lockers and showers on level -1. It is BREEAM In-Use certified at the Excellent level, confirming its commitment to sustainability and the highest environmental standards. <\/p>\n\n

The building's location provides convenient access to public transportation - streetcar and bus stops and the Dworzec Gda\u0144ski subway station are nearby. The building's proximity to green areas, such as Romuald Traugutt Park, as well as numerous service and retail outlets, including the Westfield Arkadia Shopping Center, adds to the comfort of employees' daily life. <\/p>\n","post_title":"North Gate office building with new leases","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-gate-office-building-with-new-leases","to_ping":"","pinged":"","post_modified":"2026-01-16 09:29:39","post_modified_gmt":"2026-01-16 08:29:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/north-gate-office-building-with-new-leases","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"wstep":"

Warsaw’s office market maintained stability in the first half of 2024 with tenant activity exceeding 316,000 sqm and the vacancy rate falling slightly to 10.9 percent, according to the latest report prepared by real estate consultancy Savills. Trends noted include the growing popularity of flexible office space and green leases, as well as longer lease terms.<\/p>\n","spis_tresci":"