Regional markets have much to offer
Outside Warsaw, Wrocław and Kraków are also mature markets with a broad offer of office facilities. The supply of the office space in these two cities constitutes over three quarters of the total area earmarked for lease in all Polish provincial cities. In spite of the fact that this will be a record year for Kraków in terms of the square metres delivered, developers’ forecasts are still optimistic, i.e. the demand is at a stable level, mainly thanks to the intensive development of the modern business services sector, which continues to require new office space. The situation is similar in Wrocław, which is behind Warsaw and Kraków but still one of the leaders in modern office supply with an impressive transaction volume of around 75,000 sqm. Admittedly, this year so far does not seem to be as dynamic as 2013. However, the presence of such institutions as IBM, Nokia, Google and HP in the city should still mean that the development of the office market remains positive. For UBM our projects in Wrocław and Kraków are the natural consequence of our company’s expansion, particularly our earlier experience of carrying out hotel and residential projects in these cities. When Times II and Alma Tower are completed and have been commercialised, we will certainly be taking a closer look at other regional cities.
After MIPIM 2024: cautious optimism and new trends
After MIPIM 2024: cautious optimism and new trends
A tentative, moderate optimism was noticeable in the mood at MIPIM. There was a lot of talk about Poland in the context of a stable, economically strong market, providing good cond ...
Avison Young
A queue for residential plots
A queue for residential plots
Recently, there have been major changes on the investment land market. The expectations of plot owners are still high, however nowadays, buyers are willing to pay more for plots th ...
Walter Herz
Waiting for cheaper money
Waiting for cheaper money
In 2023, Polish investment market, like foreign markets, saw low investor activity. The value of investment volumes in all real estate sectors was much lower than in previous years ...
Walter Herz