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Piotr Szmilewski: an increasing number of corporate clients considering flexible offices, often as an alternative to traditional spaces
The Polish office market in Q3 2024 is experiencing dynamic shifts, with significant regional differences in availability and new supply. While Warsaw remains the leading business hub, cities like Wrocław and Kraków are expanding their office space offerings. The latest REDD Report highlights a stabilizing vacancy rate and rent variations across locations, underscoring the market’s flexibility. This report provides invaluable insights for tenants and developers alike. Discover expert opinions on the current state of the office market.
Piotr Szmilewski, CEO, Wolf Marszałkowska:
Wolf Marszałkowska has been part of Warsaw’s coworking landscape for just over a year. Our experience demonstrates that the flexible office market in the capital remains substantial enough to accommodate new players. However, it’s worth noting that we have also benefited from less positive changes in this market. A number of operators have faced liquidity issues, and the uncertainty surrounding them prompts tenants to seek out and choose more stable alternatives.
We’re also seeing an increasing number of corporate clients considering flexible offices, often as an alternative to traditional spaces. Initially, our focus was on individual clients and small businesses primarily interested in renting single desks or small rooms. Now, we’re seeing significant interest from global brands seeking spaces that can be occupied almost immediately, with 50, 100, or even 250 workstations. This trend reflects the relatively low supply in the traditional office market and the lengthy lead time for actually moving in. Such transactions typically take a minimum of 9–12 months. In our spaces, the entire process can be completed within a matter of weeks. With limited office supply, subleasing space is an alternative for companies, but while it offers quicker availability, it is far less flexible.
At Wolf, we offer a wide variety of spaces and the capability to create large, dedicated modules, which, combined with a short lead time for occupancy, provides us with a valuable edge.
A year ago, we launched with 70 workstations. Today, we have nearly 500, and by the end of the first quarter of 2025, we’ll be opening an additional three floors. This will bring our offering to nearly a thousand workstations. Tenants will soon also have access to a multifunctional common area with an event space that opens onto an expansive terrace overlooking Warsaw’s skyline. If current trends continue, we have a good chance of becoming the largest coworking space in Warsaw by the end of next year.
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