Too many questions, too few answers?

That is the 9th Conference Office Buildings in Poland, October 19-20, 2016, Warsaw

As Poland is long and wide, new office buildings are climbing up in all cities. According to the consulting company JLL, around 1.5 million square meters of new offices are currently under construction throughout the country. Will all these areas quickly find their tenants? Where does this optimism of office developers come from?

Of course, the greatest developer activity can be observed in Warsaw, where 662 000 sq m is being built, followed by Krakow (284  000 sq m), Wrocław (170  000 sq m) and Łódź (106 000 sq m).  Fortunately, tenant activity also remains at a high level, which remains at the level of record demand from the first half of 2015. Despite this, in the face of huge supply vacancy rates are rising – for Warsaw, for example, this ratio is currently about 15.5 percent . and its further increase is expected. These indicators look slightly better on other regional markets, but it is difficult to look for similarly large, rapid supply growth in the history of our office market.

But oversupply of space is not the only problem on our market. Although new office buildings – especially on regional markets – are still selling like fresh rolls, turbulence in the global economy, such as the specter of the economic crisis in China or the possible triumph of Donald Trump in the presidential election in the US, may change this state. It is still unknown what long-term effects for our market will have Great Britain leaving the structures of the European Union, which caused panic in almost all sectors of the European economy. With regard to the Polish office market, experts point out two possible scenarios – a slowdown in demand for offices caused by the economic slowdown and the relocation of large financial companies from London City to Poland.

Which of these scenarios will prove to be true? Perhaps the opening lecture 9 will shed some light on this issue. edition of the conference “Office buildings in Poland ” – the largest and most prestigious meeting of this sector of the real estate market in our country, which will be held on October 19-20 at the Hilton Hotel in Warsaw . The lecture entitled “Brexit and the real estate market – hard times are coming, or should we rather be happy?” Will be given by a renowned economist, former president of the National Bank of Poland, prof. Marek Belka . We especially recommend the program of the first conference day, during which representatives of the largest domestic developers and international consulting companies will discuss the current situation on regional markets. We also highly recommend discussion panels and presentations on the best investment products and financing of new office projects.

Among more than 30 speakers, discussion moderators and panelists will include industry journalists, recognized analysts and representatives of the largest players on the Polish office market. We invite you warmly!

More information and registration: http://konferencje.nowyadres.pl/pl/biurowce-w-polsce , mkulinska@nowyadres.pl

The organizer of the conference series “Office Buildings in Poland” is the company Nowy Adres S.A.