{"id":1356,"date":"2020-06-26T11:23:23","date_gmt":"2020-06-26T11:23:23","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=1356"},"modified":"2020-06-26T11:23:23","modified_gmt":"2020-06-26T11:23:23","slug":"wroclaw-office-market-with-solid-foundation-for-development-92894","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/wroclaw-office-market-with-solid-foundation-for-development-92894\/","title":{"rendered":"Wroc\u0142aw office market with solid foundation for development"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/wroclaw-office-market-with-solid-foundation-for-development-92894\/#The_companies_have_returned_to_talks_regarding_the_extension_and_renegotiation_of_contracts\" >The companies have returned to talks regarding the extension and renegotiation of contracts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/wroclaw-office-market-with-solid-foundation-for-development-92894\/#Dedicated_investments\" >Dedicated investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/wroclaw-office-market-with-solid-foundation-for-development-92894\/#First_quarter_with_high_rental_volume\" >First quarter with high rental volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ceo.com.pl\/en\/wroclaw-office-market-with-solid-foundation-for-development-92894\/#Construction_is_going_as_planned\" >Construction is going as planned<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_companies_have_returned_to_talks_regarding_the_extension_and_renegotiation_of_contracts\"><\/span>The companies have returned to talks regarding the extension and renegotiation of contracts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The demand for office space in Wroc\u0142aw is generated primarily by companies from the business services sector. It is one of the industries that is growing the fastest and is doing well in the current reality. This gives Wroc\u0142aw office market a chance for further, regular development. Wroc\u0142aw was the first to specialize in a specific field. It brings together companies that provide broadly understood business services, where technological and IT centers are developing particularly strongly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dedicated_investments\"><\/span>Dedicated investments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An example of office investment dedicated to the sector in Wroc\u0142aw, may be the construction of Nowa Strzegomska building with 10 thousand sq m. in Wroc\u0142aw Business Park, which will be occupied by the IT company GlobalLogic S.A. Approximately 1,000 people will work for the company.<\/p>\n<p>In addition, investors in the capital of Lower Silesia are strongly supported by local government units. They also use the impressive foundation of well-qualified staff, educated in fields dedicated to the outsourcing sector. Such foundations give the city stability and security when it comes to business development and thus the growth of the office market.<\/p>\n<p>-Wroc\u0142aw office market has been in an economic freeze, since mid-March 2020, but its development prospects are based on solid foundations. An obstacle in the development of investments is, as in all agglomerations in the country, prolonged administrative processes, staff shortages and incomplete continuity of supply, but the construction of office buildings in the city has not stopped. The implementation of projects is consistently continued, and a lot of office buildings are currently under construction, with a total of almost 220 thousand sq m. of space in Wroc\u0142aw &#8211; says Mateusz Strzelecki, Partner \/ Head of Regional Markets at Walter Herz.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"First_quarter_with_high_rental_volume\"><\/span>First quarter with high rental volume<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; Just like anywhere else, tenants in Wroc\u0142aw, first decided to wait it out, monitoring closely the development of events. However, we are observing a renewed recovery in the office market. The companies returned to talks regarding the relocation and renegotiation of contracts. What is more, lockdown did not prevent finalization of contracts that were signed during this unusual period. Wroc\u0142aw tenants are aware that \u2018home office\u2019 is not able to fully replace effective work in the office, which guarantees business development &#8211; admits Martyna Markiewicz, Senior Leading Negotiator at Walter Herz. &#8211; In the first three months of this year, demand in Wroc\u0142aw remained at a very high level. The transaction volume reached 48 thousand sq m. \u00a0of space and was twice as high as in the corresponding period of 2019. The next quarter will certainly bring many changes, new trends and expectations from tenants. However, the most important thing is that we are returning to action, both in the office market and in the investment field \u2013 says Martyna Markiewicz.<\/p>\n<p>According to Walter Herz calculations, Wroc\u0142aw office resources have already reached almost 1.2 million sq m. of space. In the first quarter of this year, only one building with 8.2 thousand sq m. was commissioned, but developers are conducting projects, the planned completion of which may bring almost 60 thousand sq m. of offices this year. Among them is another building in City Forum investment and an office building in Centrum Po\u0142udnie project.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Construction_is_going_as_planned\"><\/span>Construction is going as planned<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nevertheless, even if all the investments are completed on time, the new supply will be half as big as in the record-breaking 2019, when nearly 150 thousand sq m. of office space entered the Wroc\u0142aw market, including Business Garden Wroc\u0142aw II with 79 thousand sq m. of offices. Last year was the second in a row in which Wroc\u0142aw&#8217;s office resources grew at such a record pace.<\/p>\n<p>At the same time, it should be noted that the facilities commissioned over the last two years were mainly concentrated in the western part of the city, and the investments currently underway are focused primarily in the center and southern \u00a0part of the agglomeration. MidPoint71 building by Echo Development company on the centrally located \u00a0Powsta\u0144c\u00f3w \u015al\u0105skich street, \u00a0and Wielka 27 office building by i2 Development company are currently under consgtruction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The companies have returned to talks regarding the extension and renegotiation of contracts The demand for office space in Wroc\u0142aw is generated primarily by companies from the business services sector. It is one of the industries that is growing the fastest and is doing well in the current reality. This gives Wroc\u0142aw office market a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1357,"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":[3142,3065,2753,1557,118,2722,106,71],"class_list":["post-1356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-globallogic","tag-i2-development","tag-lot","tag-martyna-markiewicz","tag-mateusz-strzelecki","tag-outsourcing","tag-walter-herz","tag-wroclaw"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1356","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=1356"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/1357"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=1356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=1356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=1356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}