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Office Market News

Craft by Ghelamco in Katowice is ready

Craft, the latest project by Belgian developer Ghelamco in Katowice, has been granted an occupancy permit, thereby adding 26,700 sqm of office space to the local market.

Arup has a new, bigger office at Gdański Business Center

Savills Investment Management (Savills IM) has signed a lease extension with Arup at the Gdański Business Center office complex in Warsaw. Arup decided to expand the leased space to 2,000 sqm and extend the lease for another eight years.

Demand for offices in Poland’s regional cities gradually recovering

Cushman & Wakefield has summarized the first half of the year on the Polish office market. Leasing activity gradually recovered in Poland’s regional city office markets. Looking to the future, the largest cities are likely to experience a supply gap next year due to a slowdown in construction.

High5ive in Kraków gets WELL Core & Shell certification

Skanska has obtained the WELL Core & Shell certification at the Gold level for Building C of the High5ive office complex located in Kraków. This is the first project in the city to be awarded such certification at the highest score.

How to save on office operating costs?

Office operating costs are one of the largest expense items in any company's budget. They range from paying for rent, utilities, equipment, software, to maintaining cleanliness, security and employee comfort. However, many of these costs can be significantly reduced or even eliminated with simple and effective solutions. Here are some of them:

What are the biggest challenges and threats to the office rental market in the future and how to prepare for them?

The office rental market is one of the most dynamic and competitive segments of the commercial real estate market. In the face of changing customer needs and expectations, office landlords must be flexible, innovative and proactive to maintain their position and advantage in the market. In this article, we will outline the biggest challenges and threats that office landlords may face in the future, and suggest how to prepare for them.

Investika acquires Royal trakt offices in Warsaw

Linklaters has advised Czech retail investment fund INVESTIKA realitní fond on the acquisition of Royal Trakt Offices from PATRIZIA SE, a global real estate investor.

Optimism prevails in Warsaw's office market despite supply gap

Despite a supply gap and a low level of new completions (18,700 sqm in H1), there is a lot of optimism in the capital’s office market. Over 230,000 sqm is scheduled to be delivered in the next three years, which will significantly increase the amount of office space available to let. On the demand side meanwhile, we observe a relatively high occupier demand, whereby 2/3 of all agreements signed in H1 were new leases. AXI IMMO presents market data for the first half of 2023.
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