In the first half of 2022, demand for offices in the Polish largest regional cities was higher than in the entire 2021. Also office assets in such locations are now one of the main targets for investors, says Avison Young Poland.

The modern office stock in Romania has reached 4.3 million sqm at the end of the first semester of 2022, with another 335,300 sqm slated for delivery by the end of 2023, according to real estate consultancy CBRE. 

At the end of June 2022, Warsaw’s total office stock amounted to approximately 6.27 million sqm. Occupier activity accelerated while the vacancy rate continued its downward trend in H1 2022, according to Cushman & Wakefield.

Real estate advisory firm Savills has been appointed as property manager for Widok Towers, the most centrally located skyscraper in Warsaw. The mandate follows many years of cooperation with German Commerz Real AG, the owner of the property, on Tulipan House and Millennium Park A.

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.