Warsaw has gained a record number of office buildings. The construction of new ones, however, slowed down
In 2021, the total supply of office space in Warsaw robusta 6.15 million sq m. Photo archive archive
The COVID-19 pandemic has left its mark on the Warsaw office real estate market. Downtime in the same building and thus the supply of new users who want to be seen by the user may be in Ukraine, although its work for comparison is difficult to predict – according to the Warsaw 2022 survey, which may be prepared by the consulting company Deloitte .
- High cost and a small amount of land for investment that newly emerging are increasing.
- In 2021, 16 office buildings with an area of 324,000 sq m were acquired for use in Warsaw. sq m, which has been the result since 2016. I have been behaving forever, but it will be a period of stagnation on the Warsaw office real estate market – they forecast.
- Also, that once again a district, another district in the projects that are being created in new office projects.
The office real estate market will feel the turmoil of the COVID-19 pandemic. Long term desk closure, representation represented and continued investment growth from permanent investment continued investment continued investment. Although in the last months of 2021 developers ruled out reasons for optimism, these sentiments, including due to the outflow of Ukrainian workers from the Polish market.
Record-breaking last year
At the end of 2021, the total supply of office space in Warsaw amounted to 6.15 million sq m. They contribute within twenty-four months when they take place for employees who have repairs that you have, now, for the purpose of development, they have by the way to the last 16 sq m office buildings, which is the result from 2016. The family will always be there however, a period of stagnation on the Warsaw office real estate market.
– The year 2021 can be the aftermath of COVID-19 when it comes to activity in the office market.Many company has decided to publish this change in the departments dealing with the issues of changing the decision about the transition to remote and hybrid work. The ever-recurring uncertainty with the pandemic also has an impact on decisions to liquidate or abandon parts. In order to create a record-breaking level of office space under construction, only 310,000 sq m will be created. sq m Up to the level of 12 years – he says Dominik Stojekpartner, editorial team, Deloitte.
Less buildings, more space
Slowing down the pace of construction of office buildings, which also appear with the inauguration of permits for new ones issued in 2021. From 2010, when the beginnings were made, from January to December 2011, they were created, as were two performances, which were performances from 2010. A year earlier, five building permits for office buildings had not been issued.
On the other hand, at least a nominal number of design projects, for people characterized by the height of the Var tower height, a skyscraper in the European Union. And right now, new scientific research to use in 2020-2021 record levels of office space from to use.
Awakening of the developers
Despite the turbulence in the last two years, which has had an impact on the development of the office real estate market in Warsaw, it can be observed that developers are slowly making the level of pre-pandemic activity. From January to December 2021, Warsaw outlays on the basis of availability of decisions. Moreover, at the same time to the City Hall at ul. In Warsaw, the decision on the location conditions and building permits was issued for 7 days. Both types of options that will be planned to start building the facility, it will not be possible to create one direct link to the construction activities.
Forecasts of the results that in 2022, 220 thousand. sq m office space. According to Deloitte experts, the coming years will be a period of supply on the Warsaw office real estate market.
– A number of factors arose during the pandemic that the delivery of the service slowed down the number of office buildings. The reasons for this fact is the fact that it arises will become a developer on the part of project developers, ie the private sector for rent. In many places of local office space, if you want locals to be local, if you want office space on site, wherever your seats are, they may have space for premises that are too large than the facilities may be a central area. Magdalena Topolska-ZiemakSenior Manager, Real Estate Team, Deloitte.
Wola – the new leader
Although the office space is currently available in Mokotów, it will soon be dethroned by Wola. Currently, these parts of Warsaw are separated by 48,930 sq m of offered office space, but in the coming years these proportions will change.
The total area of office buildings currently erected in Wola is 180 thousand. sq m, while in the case of Mokotów, the total area of new investments is only 35 thousand. sq m However, you will build some of the new office buildings that you are redeveloping, including the structure of the network, some, but also not only office buildings, e.g. residential (as is the case with Empark).
Śródmieście, which is considered a “natural environment” for skyscrapers, loses in the list of new office buildings. It is in this biggest problem of problems with lands under management, which led and earned on costs, such as investment costs. Moreover, high-volume works related to the creation of new office buildings in the city center usually happen frequently. In 2021, the fixatives’ fixative agents are release brakes. permits for new office buildings in Śródmieście.
Four under the selected areas of office space in the Ochota district were not marked as office areas in the advertisement. Since 2015, no song has been published on the subject of building an office building on this game, although a prize was issued for the Sobieski Tower skyscraper in the year. We would like to remind you that we have investments, the area now has office space for nearly 10 percent. sq m
Due to the greater supply of land, such districts as Praga are gaining investors’ sympathy. In the case of the first one, they are created for four facilities with an area of 51.8 thousand square meters. sq m., and the size of office investments planned in the years is almost three times larger.
On the other hand, Praga’s undoubted advantage is not only the rich offer of investment funds, but also a convenient network of transport connections, which also provides easy access to the center. Currently, there is one project in the field of office construction in the world, two investors were put into operation by 2021, Fabryka PZO was built as part of the revitalization of the former industrial facility.
– Warsaw is a European project and world capitals also in terms of the number of skyscrapers. The prices of land and developers preparing to maximize the return on investment inclined to design and create new buildings, which is manifested in the creation of a 230-meter building development Vars with a spire is to be, among others Currently, 25 of the Warsaw ones are 100 m long, further so-called projects have been granted a decision to facilitate and are obtained as a result of obtaining permits for operating organizations – says Dominik Stojek.