According to the report Market View – Warsaw Office Market Q4 2015 conducted by CBRE, Linklaters and William Demant will be the next companies which are going to move into the Warsaw office of Echo Investment. The first tenant – international law company – will occupy 4500 sq. m in the office, whereas the second tenant – operating in the medical industry – rented 3400 sq. m in the building. It is worth reminding that Echo Investment has recently informed that Allegro will move into Q22. A new office of this company will occupy 7600 sq. m of office space.
See more: Q22 with a new tenant
According to the report of CBRE, last year was really successful for the metropolitan office market in respect of tenants' activity, which was higher by 36 per cent in comparison to year-on-year. Tenants rented more than 800 sq. m of office area in the capital in 2015.
Among sectors present on the office property market in 2015, the most active was IT and HI-TECH – lease contracts from these industries constituted 19 per cent of the total rented office space. It is a significant increase which indicates growing trust of such companies towards the Polish market and personnel. Another most active sector was financial (18 per cent of lease volume). Moreover, in the case of public sector we managed to observe a decline in interest of modern office area – from 14 per cent to 4 per cent – says Katarzyna Gajewska, Consultant, Department of Consultancy and Market Analysis, CBRE.
Developers' offer favored companies that decided on a new office. The partnerships commissioned 23 office investments in the metropolitan city. The year 2016 was also really successful – the commission of about 30 other investments is planned.
The whole year 2015 was a perfect period for the municipal office sector, Warsaw has been perceived as a perfect place for location of business and its development for several quarters, which is confirmed by lease contracts of new companies such as Compass Offices or F5 Networks Inc. The year 2016 will be a challenge for the market since the competition between developers has been still increasing. The Warsaw market, however, should be considered as a market with many possibilities. It is a place where tenants may choose out of many world class office projects in perfect locations in the city, negotiate beneficial lease conditions and use well-developed road infrastructure as well as develop business thanks to well-qualified personnel – says Łukasz Kałędkiewicz, Senior Chairman of Department of Office Agency, CBRE.