High streets 2024 ENG

HIGH STREETS IN WARSAW | DISCOVER THE POTENTIAL OF HIGH STREETS IN WARSAW

43

© 2024 CBRE

08.

Summary

1. Despite the disruptions caused by the Covid-19 pandemic, tourism in Warsaw has been gradually recovering since 2021. Additionally, the capital of Poland was recognized as the best tourist destination in Europe in 2023 in the European Best Destinations ranking. 2. The growing purchasing power of Warsaw’s inhabitants and its status as a business centre make it an attractive place to invest. 3. The luxury hotel sector has demonstrated high resilience and significant growth following the COVID-19 pandemic. 4. The New City Centre project in Warsaw aims to revitalize the heart of the city, improving its cultural, entertainment and service offer. 5. Unique places in Warsaw offer interesting gastronomic offers and various ways of spending time, attracting both residents and tourists. 6. We are observing the growth and reconstruction of the diverse gastronomic offer in Warsaw, and new players are emerging, including restaurant chains and unique, private concepts. 7. Rental prices in Warsaw vary depending on the location, the nature of the place, the type of rental, as well as the standard, size and technical capabilities of the premises.

Challenges and proposed solutions:

well-thought-out, consistent rental, and the function of a street manager

creating a commercial destination with a diversified, complementary offer

pedestrian-friendly trails, parking spaces for motorists, creation of places for charging electric vehicles

convenient access by various means of public and private transport

energy space integrating the community: consumers, entrepreneurs, public entities, associations

working together in the common interest

projects implemented under PPP (Private-Public Partnerships), increasing the number of buildings in the hands of institutional entities.

lack of sufficiently large premises