ARTICLES LABELLED WITH TAG Warsaw

11
May
2016

Warsaw office market shows rapid growth

by Ákos Budai

According to the latest report by Cushman & Wakefield Q1 2016 saw a rapid growth in the supply of office space in Warsaw, which more than doubled the results for the same period in 2015. Due to the record-breaking levels of supply vacancy rates have increased by 1.9 pps to 14.1%. Although statistics show a fall in net absorption, this is probably a temporary decrease in the light of last year’s exceptionally high growth. Cushman & Wakefield expects the office market to continue its growth in the remaining months of 2016, with pipeline supply estimated at 330,000 sq m.

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Latest news

New leases

Eazy Asigurări has leased 1,000 sqm within Bucharest-based One Cotroceni Park, developed by One United Properties.
Print Logistic's Polish HQ has been relocated to City Logistics Łódź VI, owned by Panattoni. The new production and office space, totalling nearly 6,200 sqm, is scheduled to open in May 2026. The deal was brokered by Savills.
Automotive companies, including Mercedes-Benz Romania, Maserati, Chery, Daimler Truck & Bus, and a major global electric vehicle manufacturer, have established offices and showrooms within the Swan Office & Technology Park project, owned by Smartown Group. These occupiers hold a total leased area of 9,000 sqm, further complemented by Moto24/Xplorator.

New appointments

Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
Łukasz Meisner has joined Peakside Capital Advisors as Head of Project Management. He will be responsible for the management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.

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