{"id":113,"date":"2017-02-01T11:36:03","date_gmt":"2017-02-01T11:36:03","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=113"},"modified":"2017-02-10T11:36:14","modified_gmt":"2017-02-10T11:36:14","slug":"record-number-office-space-construction-63046","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/record-number-office-space-construction-63046\/","title":{"rendered":"Record number of office space under construction"},"content":{"rendered":"

Warsaw office market is in excellent condition. 2016 was a record year in terms of new office space, the total supply at the end of the year exceeded 5 million square meters. The largest projects in the capital city – Q22 and Warsaw Spire were launched on the market. Despite the high saturation, construction activity remains at a very high level \u2013 there are more than 60 projects under construction that will provide the market with 850 000 sqm.<\/strong><\/p>\n

In accordance with the latest CBRE report – Warsaw Offices, Q4 2016 <\/em>summarising the fourth quarter of 2016, the high activity of developers is accompanied by stable demand. Tenants’ activity was slightly lower than the record year 2015, although it still remained at a level of more than 750 000 sqm. – that situation was not observed in previous years. The availability of high-quality office space continues to attract new players to Warsaw, but the real challenge is to keep tenants in older office buildings. There is a noticeable trend of development of organisations that freely adapt spaces, rearrange existing one or rent larger offices.<\/p>\n

\"\u0141ukasz
\u0141ukasz Ka\u0142\u0119dkiewicz, Senior Director, Advisory & Transaction Services, CBRE<\/figcaption><\/figure>\n

\u0141ukasz Ka\u0142\u0119dkiewicz, Senior Director, Advisory & Transaction Services, CBRE, commented:
\nThere are areas which impact on the real estate market, we are not currently able to clearly estimate. We mean the uncertainty perceived in European countries and the new policy of the United States, unknown yet full. 2017 will be a year of challenges and test of the flexibility of the market. We are convinced that the construction companies remain active and the Warsaw office market will grow by a further 360 000sqm. The question is what will happen with tenants\u2019 activity , but preliminary estimates indicate that it should be continued on the similar level.<\/em><\/p>\n

In recent quarters, there was slightly decreasing of \u00a0the rents in Warsaw. Prime headline rents are currently estimated at EUR 23.00 \/ sqm. \/ month for the most attractive office space. CBRE predicts that these values should remain at a similar level in the next months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Warsaw office market is in excellent condition. 2016 was a record year in terms of new office space, the total supply at the end of the year exceeded 5 million square meters. The largest projects in the capital city – Q22 and Warsaw Spire were launched on the market. Despite the high saturation, construction activity […]<\/p>\n","protected":false},"author":1,"featured_media":114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[19,95,82],"class_list":["post-113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-cbre","tag-lukasz-kaledkiewicz","tag-warsaw"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=113"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/114"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}