Within the decade, the total office stock in Warsaw reached the level of 5.5 million sqm of space for rent, according to the first edition of the Deloitte report on the Warsaw office real estate market ‘Warsaw Crane Survey – summer 2020’.
Only last year, as much as 175,000 sqm of new office space.were put into use. The plans of this year’s allocations to commission cover more than twice as much – approx. 400,000 sqm of space. Thus, 2020 will be a record year in this respect.
The developer Ghelamco, also responsible for the construction of the largest lease area (over 400,000 sqm) obtained the greatest number of permits at that time. The tallest building under construction is the 310 m high Varso Tower in the vicinity of the Central Railway Station. The office building developed by HB Reavis has already exceeded 220 m and will overtake Poland's tallest building so far, the Palace of Culture and Science, in the coming weeks.
The study shows that the largest amount of office space is currently located in Mokotów – over 1.5 million sqm. However, due to the number and area of investments with a construction permit for office projects, Wola will become the leading office location in the coming years.
"In recent years, also at the expense of Śródmieście, the attractiveness of Wola has significantly increased. As many as five out of seven permits for the construction of modern office buildings issued in 2019 concerned this district. The expansion of the second metro line, well-developed railway and tram infrastructure, as well as real estate availability are of crucial meaning. Our analysis shows that in the coming years this district will be a target for the location of the largest office projects in Warsaw. Today, the development activity mainly concerns the area of Rondo Daszyńskiego," Magdalena Topolska-Ziemak, Manager in the real estate consultancy team, Deloitte, said.