The New Map of Warsaw Office Towers

Office buildings emerging in Warsaw will overshadow the existing office facilities

Warsaw office market begins to match their offer with the other European cities. Developers show high activity by initiating the implementation of numerous large-scale projects. Nothing indicates that market growth is going to slow down, because there is still a high demand for Warsaw offices. Soon the city will be offering 5 million square meters of modern office space.

This year, two office towers located in the center provided most of the office space - Warsaw Spire (over 100 thou. sq m) and Q22 (53 thou. sq m) measuring 220 m and 155 m. Both buildings have recently been completed.

The success of the projects proved to be motivating for the investors. The developers bring new projects of a similar scale to the market regularly. According to Walter Herz experts, over 650 thou. sq m of office space, almost 300 thou. sq m of which will be completed this year, is currently under construction.

Towers are growing around Daszyńskiego roundabout

The area around Daszyńskiego roundabout is expanding the most. The existing offices in that area currently offer approx. 500 thou. sq m of modern office space, but the development in this area is so fast that within the next few years, this amount has a chance to double, according to representatives of Walter Herz.

The construction of several office towers has started at Daszyńskiego roundabout, among which experts enumerate Mennica Legacy Tower by Golub GetHouse and Mennica Polska measuring approx. 130 m with the area of 63 thou. sq m, as well as Sienna Towers complex by Ghelamco. This project includes the two buildings with a height of 130 m and a 86 m long. The buildings will provide 75 thou. sq m of office space and 25 thou. sq m of commercial and conference space. The project will have a direct connection to the metro station.

Grupa Karimpol announces the construction of one of the tallest buildings in Warsaw, a 195-meter Skyline skyscraper in the area of Daszyńskiego roundabout, by Towarowa and Prosta Streets. The underground works started in 2014 and the construction of the above ground part is expected to begin this year. Apart from offices, the high-rise building will offer area dedicated for commercial purposes on four levels, and a two-level Skybar, 165 m above the ground. The company is also conducting projects on Al. Jerozolimskie Street. It is finishing commercialization of Equator II and beginning the construction of Equator IV (21 thou. sq m) office building.

Towarowa and Prosta Streets

Another 70 thou. sq m of offices will be provided by Skanska's Spark investment, the construction of which has just begun at the junction of Okopowa and Towarowa Streets. The project will consist of three office buildings, including the 130-meter tower with an outdoor open work area and an amphitheater. In the first stage of construction, the building with more than 12 thou. sq m area located on Karolkowa Street is currently being built.

Within the square of Towarowa, Łucka, Wronia and Prosta Streets, a 140 meter tower will be built by Skanska company. The building will be a part of the emerging since autumn 2015 Generation Park complex. It will include three office buildings, providing 84 thou. sq m of office space.

In the area of ONZ roundabout, by Łucka and Prosta Streets, Impexmetal company is also planning a construction of two towers measuring 102 m. The multi-purpose facility will bring approx. 87 thou. sq m of space, one third of which will be occupied by offices. In the area of the former Ilmet building by ONZ roundabout, Warsaw One tower is to be constructed. The height of the building will be comparable to the neighboring Rondo 1 office building, the architectural height of which measures over 190 meters.

Offices by the railway stations

Office buildings are also emerging by Warsaw railway stations. The construction work in the second office building, which is part of the West Station complex continues by Warszawa Zachodnia Railway Station. The investment of HB Reavis and Xcity Investments companies, carried out in the area belonging to the Polish Railways (PKP), will ultimately provide over 68 thou. sq m of office space.

Ghelamco company is planning the development of Warszawa Gdańska Railway Station on even larger scale. The company plans to implement in this area a project with 10 buildings worth nearly PLN 2,2 billion.

In close proximity of the Central Railway Station, PKP - Xcity Investment company intends to build Centralna Park project. On the two-hectare parcel at the intersection of Al. Jerozolimskie and Al. Jana Pawła II Streets, the company will build, among others, a 200 meter multi-purpose high-rise with office, hotel and retail and service purposes.

On the former railway grounds at the corner of Chmielna and Al. Jana Pawła II Streets, HB Reavis company is planning to implement a modern business complex, which according to the provided project is going to offer up to 140 thou. sq m of office space. The HB Reavis investment is to include the construction of 3 buildings, including one high-rise. The issued land development conditions allow the construction of a building measuring up to 310 meters with a spire. Work on the project is still going on, therefore the company does not confirm the final height of the building. The company wants to start the construction of the project later this year. The planned completion of construction is 2019.

Centre awaits spatial development plan

The center's problem is the lack of spatial development plan, which is awaited also by the companies planning investments in the area of Poznańska Street and the Marriott Hotel. BBI Development company is still waiting for the city's decisions. The developer intends to put the 170-meter Roma Tower office building on the corner of Emilii Plater and Nowogrodzka Streets. Other investors, including Elektrim company, a co-owner of the property by Chałubińskiego Street, as well as Qualia company, which also has a plot in the area are also anticipating the development plan. The officials declare that the plan is ready.

Walter Herz experts admit that the projects emerging in the center of the city are becoming a competition for the largest office area in the city, located in the district of Służewiec. Among the companies that are planning further investments in Mokotów office area are Echo Investment, Penta, ECI, Hines, Garvest, Yareal, Kronos. The original design includes at least another 300 thou. sq m of office space, which will expand the offer of the famous Warsaw Mordor in the near future.

Completed Office Buildings

According to Walter Herz, among the largest office buildings, which appeared on the Warsaw market this year are Eurocentrum Office Complex Delta (25 thou. sq m), located at Al. Jerozolimskie Street, Astrum Business Park I (22.6 thou. sq m) by Łopuszańska Street, Atrium II (20 thou. sq m), situated near the ONZ roundabout, Prime Corporate Center (20 thou. sq m) by Grzybowska Street and Gdański Business Center II C (22.7 thou. sq m) by Dworzec Gdański railway station.

Experts point out that the multitude of projects commenced in Warsaw increases the vacancy rate. Over 14 per cent of vacant office space is waiting for tenants in Warsaw office buildings. The number of vacant buildings is likely to temporarily rise, because the list of implemented projects is long. The investors have to fight for tenants.

Walter Herz experts point out that this situation creates an opportunity for leasing or changing an office on favorable terms. - The developers offer temporary relief from rental fees or interior finishing of the office to attract the tenants. The usually proposed rent-free periods are currently much longer, when compared to what tenants had gotten in the previous years. It has a very good impact on the total value of rent. The representatives of Walter Herz also point out that nowadays, the effective rates are often much lower than the output prices.

Please fill The form and we will do everything for you

Pursuant to Article 13 (1) and (2) of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data on the free movement of such data, and repealing Directive 95/46/EC (GDPR), we provide the following information.
1. Your data is administered by the company under the business name Walter Herz Spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw (00-867, at ul. Chłodnej 51, entered in the Register of Entrepreneurs of the National Court Register (KRS) under KRS number 0000435904, Tax Identification Number (NIP) 5272684601, Business Registry No. (REGON) 146346389, the registration files of which are kept by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register.
2. Your personal data will be processed under Article 6 (1) (a) of the GDPR (a voluntary consent to the processing of data) for the purpose of establishing contact with you.
3. Your personal data will be stored during a six-month period.
4. You have the right to access the content of your personal data, the right to correct it, delete it, restrict the processing thereof, the right to withdraw consent and the right to transfer data.
5. You have the right to file a complaint with the supervisory body if you conclude that the processing of your personal data breaches the provisions of the GDPR.
6. Provision of personal data is a prerequisite for Walter Herz Spółka z ograniczoną odpowiedzialnością Sp. k. to establish contact with you. You provide personal data voluntarily, however, if you fail to provide personal data, it will be impossible for Walter Herz Spółka z ograniczoną odpowiedzialnością Sp. K. to establish contact with you.
7. Your personal data will not be processed in an automated manner and it will not be profiled.

1. I give a consent to the processing of my personal data, i.e. my e-mail address, by the data administrator, i.e. the company under the business name Walter Herz Spółka z ograniczoną odpowiedzialnością Sp. k. with its registered office in Warsaw (00-838), at ul. Prosta 32, entered in the Register of Entrepreneurs of the National Court Register (KRS) under KRS number 0000435904, Tax Identification Number (NIP) 5272684601, Business Registry No. (REGON) 146346389, the registration files of which are kept by the District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register, for the purpose of enabling Herz Spółka z ograniczoną odpowiedzialnością Sp. k. to establish contact with me.
2. I provide my personal data voluntarily and I represent that the data is accurate.
3. I have read the content of the information clause, including the information on the purpose and methods of processing personal data and the right to access the content of my data as well as to correct, delete it, restrict the processing thereof, the right to withdraw the consent and the right to transfer data.

The New Map of Warsaw Office Towers

Related offers