Law firms in Warsaw bet on prime locations

16
Sep
2024
News - Law firms in Warsaw bet on prime locations #Cushman&Wakefield #law firm #legal #office #Poland #Warsaw

by Property Forum | Office

For law firms, the office provides a work environment for legal teams but also serves as something of a showpiece in client and business partner relationships. In an era of changing work models, the evolving role of the office and the growing trend toward space optimisation in some sectors driven by rising costs, Cushman & Wakefield take a closer look at the legal sector’s needs and location decisions.


Office towers vs boutique tenement houses

Due to the nature of the legal business, law firms - more than any other industry - rely on the office as a showpiece contributing to building their market brand. As a result, they frequently choose prestigious buildings in central urban locations. Until a few years ago, law firms targeted almost exclusively renovated tenement buildings with stylish and elegant interiors that ideally complemented their image and added to their prestige. Although boutique law firms continue to favour this option in Warsaw, legal tenants have reported more diverse requirements in recent years, with global companies in particular increasingly opting for modern office buildings in an appropriate business setting.

"Analysis of leading law firms’ offices reveals that big corporates prefer large-scale office towers while most local law firms prefer to lease space in tenement buildings or other, smaller office buildings", says Piotr Capiga, Deputy Head of Occupier Services Warsaw, Office Agency, Cushman & Wakefield. "An example of the latter is leases renewed by SK&S Law Firm and Wardyński & Partners, which decided to continue in their prestigious, smaller-sized locations”, adds Capiga.

"Recent skyscraper completions have also attracted some law firms from boutique office buildings - these included Greenberg-Traurig and CMS moving to Varso Tower, Bird & Bird and Wolf Theiss relocating to Central Point, and Eversheds Sutherland shifting its office to Widok Towers. Attractive office space was a key decision driver as the legal sector is a demanding tenant expecting the highest quality. Sometimes several law firms choose the same high-quality office building which subsequently becomes a ‘legal hub’. A good example of such a hub is Varso Tower. Another one is Rondo 1 - managed by Cushman & Wakefield - where law firms DZP and SSW Spaczyński, Szczepaniak, Wickel and Goździowska decided to renegotiate their leases and continue in their current locations, which only confirms that a well-located office building maintained to a high standard can remain attractive for years,” explains Piotr Capiga.

Elegant interiors vs changing employee needs

Law firms are interested not only in prime office buildings, high floors and prestigious locations but also in unique interior design. They place enormous emphasis on elegant, timeless design and the high quality of finishing materials while maintaining functionality standards.

"The key focus in office space layout planning is still on allocating space to individual uses. In comparison with other sectors, the transition of law firms towards flexible offices featuring diverse zones is far slower. Law firm offices are usually very formal and most feature cellular layouts. Some, however, are exceptional in that they serve as meeting places or platforms for employee integration and experience sharing”, says Mariola Bitner, Head of Workplace Strategy at Cushman & Wakefield.

Law firms choosing a new office should consider whether it will promote a diversity-friendly work environment aligned with corporate values and provide high-quality workspaces. According to new market standards, the office should serve as a platform for efficient employee collaboration and as a place where clients feel comfortable. The office should also be adaptable to evolving needs resulting from headcount changes or hybrid work setups.

"With up to a third of employees in large cities working hybrid, desk sharing and designing office space to accommodate various work styles have increased in popularity in many corporations. Our surveys of lawyers have found that more than half would like to work in the office at least two days a week, which is good news for employers”, adds Mariola Bitner.

The office serves as a company’s showpiece - not only for clients but also for current and future employees. To attract young talent, law firms should engage workplace strategy advisers to manage change. The younger generation of lawyers expects more dynamic and less formal workspaces.

"When it comes to office relocation or reconfiguration, it is good to have a well-thought-out change management plan - something that many companies still dismiss or misunderstand. Verifying change assumptions against the actual needs of employees and transparent and effective communication are key to change implementation and sustainability”, comments Mariola Bitner.

Aenities matter

Law firms typically enter into long leases for seven or ten years, largely to avoid the labour-intensive requirement to notify of address change in all ongoing court proceedings.

"Eco-friendly solutions, LEED and BREEAM certifications, and ESG compliance are important matters during lease negotiations. Upcoming changes related to carbon footprint reporting will also apply to the legal sector. However, one of the biggest challenges facing law firms during lease negotiations is to secure adequate parking spaces that could also easily accommodate larger vehicles. Parking platforms or poorly designed parking lot layouts are likely to present a significant issue for legal tenants”, explains Piotr Capiga.

 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy