2023-06-16-莱坊-Warsaw_city_attractiveness_and_office_market_Q1_2023_5页_5mb

Warsaw's Attractiveness & Office Market Analysis

Below is a summary of city appeal, office market conditions, and related labor trends from reports by Knight Frank in Q1 2023.

City Attractions & Key Data

Warsaw ranked 1st in Central and Eastern Europe and 1st in the European Best Destinations for a Beautiful Bike Ride survey (2021). It holds the #1 European place by the European Commission and LUX MED Group in infrastructure and connectivity, and is named the most disabled-friendly city. Quality of life rankings place it among top cities in Europe, with 517.2 sq km area containing nearly 1.792 million inhabitants and significant green spaces. GDP growth is projected to be 2.4% (2020).

Office Market Conditions

London (Knight Frank)
Warsaw retains the lead among Polish office markets, with over 6.26 million sq m of stock. Central locations dominate urban usage, with Służewiec district at around 17%. Between January-March 2023, no new modern office buildings were delivered – the lowest since around 2003.

Availability:

• Existing stock: ~6.26 million sq m
• Vacancy rate (Q1 '23): 11.6% (0.6 percentage points lower than Q4 '22)
• Expected new supply below construction.:* In 300+: Vistula-based projects· Larger schemes nearing completion (Bridge, Lakeside).
• Average asking rents:
  • Within central CBD: €19-26/sqm/month
  • Other central districts: €15-24/sqm/month
  • Outside the core: €10-16/sqm/month
• Service charges (end March '23): 16-33 PLN/sqm/month

Construction Activity & Take-up

• New contracts drove most take-up (~159,000 sq m signed in Q1 '23, about 40% less than Q1 '22).
• Leases for new space and renegotiations made up the remainder.
  Only 5 leases exceeding 5,000 sq m were signed (including one large renewal of 8,800 sq m).
• Demand remained focused on prime central districts.

Key Trends & Concerns

• Development activity is lower than before 2020 (~30% as much). Activity is shifting towards climate-neutral and sustainable buildings, with focus extending to service charges for tenant management.
• Challenges include rising construction loan costs inhibiting price increases and limiting new investment.

HR Insights & IT Labor Market (Poland)

Key findings mention the high demand for:

• IT Professionals (especially SAP, Java, MS Dynamics, Big Data) with salaries averaging ~PLN 16k-25k gross/month.
• Cybersecurity roles (IT Security Analysts, IAM Specialists).
• Enterprise Architects.
• Labor trends show candidates focus heavily on promotion (salary increases, training, responsibilities), emphasizing talent retention.

Investment Support

Warsaw's business-friendly stance (high perception index), infrastructure plans (PLN 5.5bn+) for transport 1-2 years, and extensive HR/real-estate cooperation facilitate business setup.