According to a report published by Newmark Polska, occupier demand remained relatively strong in Poland’s regional city office markets throughout the second quarter of this year amid gradually shrinking office availability. However, persistently high construction costs and rising financing costs continued to limit developers activity on the regional office markets.

Futureal Investments Partners has announced that it will start the renovation of one of its recently acquired real estate investments in Poland. The Wratislavia Tower office building in Wrocław will be renovated with an intention to obtain the BREEAM Excellent In-Use certificate. More than half of the complex will be leased by the City of Wrocław.

17 Globalworth’s properties in Poland have obtained the WELL Health-Safety Rating safety certification. This means that those assets now meet high health and safety requirements, providing healthy environment for work and social interaction in the face of post-pandemic challenges.

According to Cushman & Wakefield, with office fit-out costs in Warsaw averaging €1,010 per sqm, the Polish capital came third in the CEE (Central and Eastern Europe) region behind Belgrade (€1,121 per sqm) and Prague (€1,037 per sqm). London takes the top spot in EMEA with an average fit-out cost of €2,798 per sqm.

Three in five employers (59%) will ultimately embrace hybrid working - this represents a 14 pp increase on the June 2021 survey. Global real estate services firm Cushman & Wakefield has published the results of its survey of 103 decision-makers in office space management in Poland.

Romanian developer One United Properties has completed the acquisition of One Victoriei Plaza office building in central Bucharest for around €28 million.  

The first six months of 2022 saw record results for the office market in Warsaw. During H1 2022, as much as 479,400 sqm was leased, making it the best ever H1 performance for the capital city’s market. According to JLL experts, this is evidence that the capital's market is undergoing a thaw after two years of continuous uncertainty.

The gross take-up in the Prague office market has increased by 41% in Q2 2022 compared to Q2 2021. The volume of office construction also increased y-o-y by 47%. Leasing activity was driven by IT companies and the rent gap between newly completed and existing buildings continues to widen, says the office market report for Q2 2022 published by The Prague Research Forum.

The lowest vacancy was registered in North Buda with a 4.4% rate, whereas the highest rate remained in the Periphery submarket (31.4%). Net absorption has remained positive by the end of the second quarter, amounting to 33,720 sqm, Budapest Research Forum (BRF) reports.

In the first half of 2022, office take-up in Warsaw hit a record high of 479,400 sqm, representing a year-on-year increase of 94%. Savills forecasts that the growing undersupply of office space will drive rental growth going forward, further accelerated by shrinking availability and significant increases in construction costs and office property management fees.