Reflection on the past ready for the future? Report CRIDO and CBRE

POLISH COMMERCIAL REAL ESTATE, 20 YEARS LATER... RE FLECTION ON THE PAST. RE ADY FOR THE FUTURE?

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undergone various changes in function in recent years. These modernizations were introduced not only due to the age of supply, but above all to changes in the perception of the functions of buildings and the role of the office. Modern office buildings in Warsaw are currently on average 15 years old, in regional cities 11.5 years. Despite this, the owners of many of them are currently undertaking extensive modernization measures, which are dictated by the growing expectations of tenants and investors and the growing awareness of ESG aspects.

City

Tenant

Area (sq m)

The Varso Tower building

Warsaw

PZU

46,500

Warsaw

mBank

45,600

What can we expect in the next 20 years?

Warsaw

Orange

44,900

The office of the future will be like a chameleon: it will be a place flexible enough to fully adapt to the current needs of employees. It will be a centre for exchanging experiences, a space supporting community building and enabling creative work, both individual and across teams. The office will be focused on interaction: there will be spaces for team and conceptual work supported by tools that will permit displaying content in any dimension as well as discreet interaction in the metaverse. The word “office” itself no longer covers the possibilities this space can offer - maybe the time has come for a new term?

Allegro

26,000

Łódź

Infosys

24,100

Table 1. Biggest leasing transactions I source: CBRE

The largest building

Varso Tower

63,800 sq m

The tallest building

Varso Tower

310m

The oldest building

LIM Center

35 years

Chart 4. Office supply growth in the CEE region in 2004-2024 I source: CBRE

Table 2. Top list I source: CBRE