{"id":124,"date":"2017-01-24T11:59:42","date_gmt":"2017-01-24T11:59:42","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=124"},"modified":"2017-02-10T12:02:22","modified_gmt":"2017-02-10T12:02:22","slug":"office-market-warsaw-close-time-highs-38088","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/office-market-warsaw-close-time-highs-38088\/","title":{"rendered":"Office market in Warsaw close to all-time highs"},"content":{"rendered":"

JLL presents the summary of the most important events and trends on Warsaw’s office market in 2016.<\/strong><\/p>\n

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Mateusz Polkowski, Head of Research and Consulting at JLL, <\/strong>says: \u201c2016 was an exceptional year for the Warsaw office market, as approx. 407,000 sq m of new, modern space was completed within the city, the highest volume since 2000. The market continues apace as currently, approximately 675,000 sq m of office space remains under construction. 330,000 sq m can be delivered to market in 2017 provided that all plans announced by developers will be conducted on schedule. What is important is the fact that supply was accompanied by demand \u2013 lease agreements for approx. 755,000 sq m were signed in Warsaw in 2016. This comprises the second best result in the market\u2019s history. New developments attracted prestigious occupiers, some global firms expanded the range of their operations in Warsaw, and a number of companies present in the city decided to renew their leases.\u201d<\/p>\n

The highest amount of office space was leased in the city centre (Central Business District and City Centre Fringe) \u2013 239,00 sq m, followed by Mokot\u00f3w (155,100 sq m) and the South West district (151,800 sq m).<\/p>\n

The biggest lease deals in Warsaw in 2016<\/strong><\/p>\n\n\n\n\n\n\n\n
Company<\/strong><\/th>\nBuilding<\/strong><\/th>\nSpace (sq m)<\/strong><\/th>\n<\/tr>\n<\/thead>\n
BG\u017b BNP Paribas<\/td>\nOffice building, Kasprzaka St.<\/td>\n22,000<\/td>\n<\/tr>\n
Confidential tenant, healthcare sector<\/td>\nPark Post\u0119pu<\/td>\n12,300<\/td>\n<\/tr>\n
Confidential tenant, IT sector<\/td>\nWarsaw Financial Center<\/td>\n8,300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: JLL, PORF, 2016<\/strong><\/p>\n

\"Anna
Anna M\u0142yniec, Head of Office Agency and Tenant Representation at JLL<\/figcaption><\/figure>\n

Anna M\u0142yniec, Head of Office Agency and Tenant Representation at JLL,<\/strong> comments: \u201cThe most active tenants on the Warsaw office market included services and manufacturing companies, IT & Telecoms and firms from the banking sector. All told, the companies from these industries accounted for more than 74% of total demand in Warsaw in 2016. An interesting characteristic of the market was the return of Warsaw as an important location for modern business services. Examples of recent investments in the last two years in Warsaw by the sector include Credit Suisse, Dentons, DLA Piper, William Demant, or Bain & Company.\u201d<\/p>\n

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