Why do companies choose Poland for relocation in today's world?

Why is moving to Poland becoming increasingly attractive for businesses?
How to choose and rent commercial real estate in Warsaw?

Modern changes in society

Modern society is undergoing rapid changes, and the movement of people is becoming the norm. Emigration and the relocation of companies are gradually turning into a common occurrence.

Poland as a relocation destination

In this article, we will discuss business relocation and explore what makes Poland stand out as one of the most attractive destinations for such moves in 2021. We reached out to experts from JLL, a company that offers a wide range of services in the field of office and residential leasing for companies planning to relocate to Poland. Recently, there has been a trend where many organizations are focusing on the Baltic countries, with Poland taking a leading position.

Growth of commercial real estate in Poland

In Poland, there is a real growth in the commercial real estate sector, where new construction projects continue despite the pandemic. Jarosław Kwiecień, the lead client manager at JLL, shared his observations on the current state of the rental market and the desires of tenants.

Changes in the rental market

Over the past year, Warsaw has seen a significant increase in demand for commercial real estate. What changes have occurred in pricing policy? To understand the situation, it is important to note that before the pandemic, the office market in Warsaw was showing good results, with a total area of new office buildings exceeding 700-800 thousand square meters. At the same time, the vacancy rate was only 6-8%.

However, with the onset of the crisis related to the coronavirus, uncertainties and unstable conditions emerged in the real estate market. This led to tenants facing changes in prices and conditions, which became more flexible, including specialties such as free rent for certain periods. Nevertheless, positive changes are being observed in the recovery of demand and stabilization of the situation.

Who is moving to Poland?

How can we find out which companies most often choose Poland for their relocations? Statistics claim that firms from the business services sector around the world are actively moving to Poland. At the same time, local talent is becoming a key part of the workforce. One recent trend is that entire groups of refugee employees from Belarus are finding new opportunities in Polish cities, especially in Warsaw.

This opens up wide opportunities for business, and companies like JLL are expanding their services by offering support to organizations as well as their employees during the relocation process.

Factors contributing to relocation

Among the many factors influencing municipal movements, it is worth mentioning the legislative changes for the citizens of Belarus:

Since December 1, 2020They can come to Poland on humanitarian visas.
Provided forPoland Business Harbor programthat simplifies the visa application process.
Guarantees for the work of doctors, nurses, and IT specialists significantly speed up adaptation.

This helps foreign citizens integrate into the new labor market more quickly.

Conclusion

Thus, it can be confidently stated that Poland continues to be an attractive destination for companies from various countries, especially from Belarus. The dynamics in industries and favorable conditions for doing business create new opportunities for both large companies and startups, as well as small enterprises, which contributes to economic development in this region.

Selection of real estate by clients

Warsaw, as an important center of business activity, attracts many clients with different real estate needs. The most common requests are for office space of around 1,800 square meters, but we also consider requests for smaller spaces - from cubicles for small teams to large offices of over 10,000 square meters. This can range from renting workspace in co-working spaces such as Regus or WeWork to entire office spaces in modern business centers located in the city center.

Current value of commercial real estate in Poland

At the moment, the cost of renting commercial real estate in Poland shows diversity. In the center of Warsaw the rent of first-class offices ranges from 18 to 24 euros per square meter per month, while in the suburbs this figure is about 16 euros per square meter.

Sale land in region 424 999 $

France,region

2347 м²

And analyzing other cities in Poland, the highest rental prices are observed in:

Krakow: 14-15.5 euros per square meter.
Lublin: 10.5-11.5 euros per square meter.

Situation on the office space market in Warsaw

It is also worth noting that Warsaw is now experiencing a surplus of office space. At the end of the third quarter of 2021, the office vacancy rate amounted to 12.5%. The main reasons for this are the effects of the pandemic. At the same time, new office buildings were completed at the beginning of the year, each with more than 40,000 square meters. We forecast a slight slowdown in the pace of new construction, which will help stabilize the vacancy rate.

With around 330,000 square meters of office space currently under construction in Warsaw, which is a modest amount, but the city maintains its active role in the office real estate market in Central and Eastern Europe, offering new opportunities for tenants.

Unusual requests from customers

Sometimes we are faced with non-standard requests from clients, for example, requiring additional stairs in office premises. The market is also witnessing the active introduction of various improvements to premises. Landlords and developers are increasingly offering additional amenities for tenants, including:

Construction applications.
Electric vehicle charging stations.
Bicycle parking lots.
Sports Squares.
Landscaping.
Solutions for safety and pandemic prevention.

Popular Warsaw neighborhoods for accommodation

In terms of residential real estate, neighborhoods such as Bialolęka and Ursus are popular among buyers and renters due to their relatively low prices for new apartments. Mokotów also attracts attention due to its good combination of affordability and availability of developed infrastructure, making it an attractive place to live and rent.

Conclusion

To conclude my analysis of the office real estate market in Poland, especially in the capital Warsaw, it is worth emphasizing how quickly the business environment is changing and how the pandemic has affected these changes. Company relocation is not just a trend, but a necessity for many businesses seeking stability and new opportunities. Poland, thanks to its developing infrastructure and attractive conditions for international companies, has become one of the most popular locations for relocation.

I've come to realize thatgrowing interestto commercial real estate in Warsaw increased sharply despite any instability caused by the pandemic. Key factors such as the availability of office space and lower rental prices have ensured an organic influx of new tenants. In addition, new rules regarding visas for Belarusian professionals have opened the doors to a plethora of talent and companies, which only emphasizes the importance of Poland as a business hotspot.

Customer ingenuity

I also can't ignore the fact that the streets are becoming more inventive in their demands. The need forflexibilityThe demand for adapting office spaces and creating ecosystems that ensure comfort and safety is only growing. This suggests that developers and landlords must be prepared to offer innovative solutions to meet these needs.

Market prospects

Thus, we can confidently say that in the future, Poland will continue to be an important player in the commercial real estate market. The consistently growing interest from international companies and the adaptation of office spaces to modern requirements create all the conditions for long-term growth and stability. I hope that by continuing to monitor international trends and local changes, we will be able to find optimal solutions for all market participants.