Expanding co-working sector driving demand for office space

Co-working space operators are a new group of tenants that will generate more and more demand for office space in Warsaw in the near future, according to the latest report by Savills. It is estimated that the start-up sector already accounts for approximately 11 percent of the city’s GDP. Co-working space that is supposed to support young entrepreneurs and facilitate the development of the start-up culture has already been or will soon be provided in Warsaw by such operators as Business Link, the Brain Embassy, The Heart, Mindspace and TechHub. The operators have teamed up with some of the largest office developers active in the Polish market including Ghelamco Poland and Skanska Property Poland, the Savills study noted. Other operators are now considering entering Poland and some of those already present in the country have been taking up more office space. “Co-working is starting to take Warsaw by storm. Promoting innovation and entrepreneurship, as well as adapting offices to the requirements of the new generation of employees are the strongest trends in the office real estate market in the capital,” said Jarosław Pilch, director, head of tenant representation at Savills in Poland.

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