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Office Market News

Tech Platinum for West 4 Hub A

The West 4 Business Hub A building in Wrocław received the WiredScore Platinum certificate. After purchasing the office building in January 2022, Solida Capital decided to introduce additional solutions in the field of digital technologies.

Tenants like the Old Town

Kraków, with resources exceeding 1 million 651 thousand. sq m, is the largest regional office market in the country. As noted by Newmark Polska, tenants have recently started to relocate closer to the city center, and the most popular districts are: Grzegórzki, Stare Miasto, Podgórze and Krowodrza. The interest of tenants has also attracted developers to these locations.

Schneider in Eximius

Schneider Electric has become the new tenant of the Eximius Park office complex in Krakow. The company occupied about 500 sq m. in building 1000, temporarily also using the co-working space.

Brighter in Hi Piotrkowska

The Signify lighting company moves its current headquarters to Łódź. The new office, located in the Hi Piotrkowska complex, has an area of ​​over 2.8 thousand square meters. sqm

Graffiti all green

Graffit, a Warsaw office building from the portfolio of Zeus Capital Management, has received the BREEAM In-Use certificate. The building, built entirely on the basis of pro-ecological assumptions, was rated "Excellent".

Summaries time at GTC

GTC has published financial results for the first nine months of 2022. Gross rental margin amounted to EUR 92 million in the audited period. 88 percent buildings owned by the developer have green certificates, and another 11 percent. is in the certification process.

Offices much more expensive after indexation

High inflation, as one of the factors, will have a huge impact on the budgeting of costs related to the lease of office space by tenants in the near future - estimate Avison Young experts.

Demand and the supply gap

According to Savills data, the Warsaw office market shows a clear decline in developer activity. The level of office space currently under construction is nearly 230 thousand. sq m, of which just over 115 thousand. sqm will be commissioned in the years 2023-2024.
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