Page 21 - Poland 2017
P. 21

Increasing developers’ activity has been observed in Poland over previous years and the trend is going to be continued due to the growing amount of entities choosing Poland as the location for their investments. The Polish real estate market is currently in an exceptionally dynamic development phase with 1.4M sq m under construction. According to developer’s schedules, nearly 920,000 sq m of office space is due to be delivered in 2017.
Ever improving quality of office space goes hand in hand with the growing expectations of tenants.
Over recent years, partly because of great demand from Polish and international investors from the BPO/SSC, IT and R&D sectors for the highest class modern office buildings, in each of regional cities we can find at least several A-class projects representing the highest global quality, which were completed in the last five years or are currently being developed.
Developers compete strongly amongst themselves not only in terms of location or rent exemptions. Environmental awareness of tenants is causing an increasing emphasis to be placed on energy-efficient buildings, water savings, reduction of heat production and loss, and operating costs optimization. LEED or BREEAM certificates are standard in the majority of new A-class projects, while the owners of older schemes are also trying to retro-certify, or at least implement some green solutions on the occasion of modernization of existing buildings.
Total stock:
443,000 sq m
Offices under construction: 52,000 sq m
Asking rents:
EUR 9-14 sq m/month
Total stock:
428,000 sq m
Offices under construction: 40,000 sq m
Asking rents:
EUR 10-15 sq m/month
Total stock:
360,000 sq m
Offices under construction: 130,000 sq m
Asking rents:
EUR 8.5-13 sq m/month

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