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The Warsaw Voice » Business » October 31, 2013
Business & Economy
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Northern Warsaw: Ideal for Offices?
October 31, 2013   
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A debate on investment in commercial real estate in the Polish capital was held at the Polish Business Council (PRB) Club in Warsaw Oct. 15. A key conclusion was that the most promising area for such projects in the city is the northern district of Bielany.

The debate brought together developers, investors and architects, in addition to executives from real estate agencies, consulting firms, investment funds and law firms. The debate was divided into two sections. One focused on Warsaw, the other on the regional office market. Those debating the former segment of the market discussed methods of obtaining attractive land plots in Warsaw and ways of converting existing buildings into office space. The discussion on the regional office market included issues such as competition for tenants and the role of municipal authorities in creating a good business climate.

“We are in a position to provide our customers with multiple locations, both in downtown Warsaw and on the outskirts,” said Daniel Bienias, director of real estate services company CBRE’s Office Agency in Poland.

Participants in the debate agreed that the Warsaw office real estate market should develop northward. The northern part of the Polish capital is attracting growing interest from business tenants, but the supply of quality office space is insufficient.

According to Paweł Skałba, director of Colliers International’s Office Agency in Poland, despite recent efforts to promote the Port Praski area in the part of Warsaw on the eastern bank of the Vistula river, tenants are more likely to be interested in the northern district of Żoliborz and neighboring areas west of the Vistula.

However, Bienias said that the weak point of northern Warsaw is that there are few available construction plots there, except in areas around the Warszawa Gdańska metro station.
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