Walter Herz with the regional office in Cracow

The decision to open a regional office in Cracow is connected with the growing needs of tenants, especially companies from the BPO, SSC and IT sectors, for the highest quality consulting services on this market. Its pace of development is impressive. According to Walter Herz data, only in the last four years, Cracow has almost doubled its office resources and currently has nearly 1.2 million sq m of modern space. About 300 thousand sq m are currently under construction in the capital of Małopolska region, and another 200 thousand sq m of offices are in the projects which are getting ready for implementation.

Cracow, which is the second largest office market in the country, ranks among the world's top attractive locations for investing in the business services sector. Companies from this industry already employ around 60 thousand people in the agglomeration. And it is the spectacular development of this sector's activity, that generates demand for over 60 per cent of office space, is the biggest driving force in the region.

Cracow is a great place for investors to locate their business, mainly due to the labor market, which is extremely rich in highly qualified staff. The city is also a popular tourist destination. Cracow’s potential when it comes to investing and science is still attracting new companies, and those that are present, continue to develop their projects.

- The annual demand for office space in Cracow exceeds 200 thousand sq m. We estimate that this year, it should remain at a similar level. Our company has been active on the Cracow market for a long time. In the third quarter of the year alone, we advised on, among others, transactions of leasing space in Zabłocie Business Park or Unity Tower complex, a total of over 5,000 sq m of space - says Mateusz Strzelecki, Partner at Walter Herz.

- Cracow is among the cities that are chosen the most often by the companies entering the market in Poland. It is the most absorptive, regional office market in our country and the main location for the business services sector. The scale of development of sector companies in this region can be demonstrated by the number of new business service centers. Last year, twice as many new centers as in Warsaw emerged in Cracow. The investment potential of the agglomeration is huge, hence our decision to enter this market. Walter Herz’s branch in Cracow started operating at the beginning of October, 2018 in the recently opened High5ive building at 9 Pawia Street - says Mateusz Strzelecki.

- We chose this complex for the Cracow headquarters of the company, because it is one of the best located office facilities in the city in terms of transport. The investment, which is located in the vicinity of the Main Railway Station in Cracow, is still developing. Ultimately, the five buildings will offer 70 thousand sq m of space and all amenities. High5ive provides not only interesting pro-ecological solutions, but also offers top-class technical solutions - enumerates Mateusz Strzelecki.

This year's series of meetings of Walter Herz’s Tenant Academy will also be inaugurated in Cracow. The first workshop of the third edition of Walter Herz’s Academy will take place on October 17th, 2018. All tenants and people interested in the lease market are welcome to attend the workshop at Office Inspiration Center, which is Nowy Styl’s Cracow showroom, located at 18 Radzikowskiego Street.

During the seminar, Walter Herz will officially present ‘Office 10.0’ report, created in cooperation with partners: Billennium specializing in the field of technology consulting and Reesco providing fit-out services and offering comprehensive New Style furniture solutions. The report is devoted to the arrangement of office space, optimization of the leasing process and technical solutions in the offices.

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Walter Herz with the regional office in Cracow

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