Articles
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.
Trade in good shape: Vanishing vacancies and new retail space
In recent years, the commercial real estate market in Poland has seen an accelerated growth in mixed-use schemes. Approximately 40 mixed-use developments have been completed in our country, and this market segment is gaining momentum.
Record office leasing and new spaces marked in the third quarter of 2023
The volume of leased office space reached a new record high in the third quarter of 2023. The total transaction volume increased by more than 85% compared to the same period last year.
Scarcity of new office space and lease renegotiations - Warsaw's office space market in the third quarter of 2023
The Warsaw real estate market concluded the third quarter with a total office space supply of 6.2 million sqm. Merely 1,900 sqm were introduced for use as part of the S-Bridge Office II project.
Polish industrial and logistics market enters the European top three
With its total warehouse, industrial and logistics stock surpassing 30.6 million sqm at the end of June 2023, the Polish market entered the European Union’s top three.
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