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Office developments in Warsaw: analysis and trends in late 2024
In the fourth quarter of 2024, Warsaw’s office market continued to experience stable occupier demand amid constrained new supply, with tenants seeking to secure spaces in the city centre and expecting sustainable solutions, reveals “At a Glance: Warsaw Office Market, Q4 2024”, a report from BNP Paribas Real Estate Poland.
New offices will be increasingly scarce in Warsaw
BNP Paribas Real Estate Poland presents a summary of the opening months of 2024 in the Polish capital in its latest report “At a Glance. Warsaw Office Market”. The Warsaw office market is evolving as office availability has been shrinking considerably in recent years. The first quarter of 2024 saw a slower pace of service charge growth, longer leases and the refurbishment of obsolete office stock.
Q1 2024: Investors continue to target retail parks
The latest report from BNP Paribas Real Estate Poland titled “Modern Retail Market in Poland” looks at Polish retail in the first quarter of 2024. Retail parks continue to attract strong investor interest and remain the most popular retail format on the development market. Meanwhile, new brands are entering the Polish retail market, which is also seeing the rise of AI-powered solutions.
A record investment transaction in the Polish retail sector
Cromwell Property Group has completed the sale of its six shopping centres, including CH Janki, to a Czech-based investment fund that is committed to expanding its commercial property portfolio in Poland. BNP Paribas Real Estate Poland advised on the transaction.
Klockownia comes to Pasaż Górczewska. 1,100 sqm of edutainment space
In March 2024, edutainment centre Klockownia signed a lease for a unit in Pasaż Górczewska, at ul. Górczewska 218. Its current format will be extended to include an interactive construction play area spanning as much as 1,100 sqm of attractions for children. The venue is scheduled for opening on 1 June.
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