Poland claims a podium finish in the CEE region

According to global real estate services firm 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.

“The Covid-19 pandemic posed a real challenge for the entire construction sector. However, in the EMEA region it has remained resilient, and after an initial slowdown companies have returned to a reasonable level of profits. Despite the increased investor activity, the uncertainty related to the return of employees to offices is still noticeable on the market due to the implementation of the hybrid workplace model and focus on savings on occupancy and office fit-out costs. The war in Ukraine, tightening supply chains, and the challenges of construction materials availability have directly led to upward pressure on fit-out costs per square meter this year. However, despite this challenging economic situation, thanks to our team of experienced professionals, we are successfully executing some projects. We expertly assess risks and support our clients in effective budget planning and management,” Bogumiła Kompowska, Associate, Design & Build Lead, Project & Development Services, Cushman & Wakefield, commented.

(WBJ)