The Mogilska 43 Office building in Kraków, developed by Warimpex, has recently gained a new tenant, which will occupy more than 1,200 sqm of space located on the property's fifth floor. JLL advised the tenant in the process of contract negotiations.
We warmly welcome the new tenant to the Mogilska 43 Office building. We are very pleased that we have managed to finalize the lease agreement, especially in these exceptional times. Companies are still looking for spaces that will serve their employees for years to come, but there is a clear increase in requirements, so only the most attractive spaces located in the best facilities have a chance of being leased. Thanks to its excellent location, top-tier architecture and modern technologies which include high quality filters in air ventilation units, Mogilska 43 Office constantly attracts a great deal of interest from tenants.
Jerzy Krogulec, President of the Board at Warimpex Polska
2020 has seen constant changes, which in turn has posed a great challenge for the global economy, and the office sector as well. The growing number of sublease offers is currently one of the most visible trends on Poland’s office market. This trend has also been seen in Kraków. Małopolska’s regional capital currently offers more than 25,000 sqm of office space for sub-lease. The demand for office space in Kraków from January to September 2020 reached 140,000 sqm, which was about 40% less than in the same period last year. The demand in the first three quarters of 2020 mainly stemmed from renewals of lease agreements, which in this period represented nearly 50% of tenant activity. That is why signing a new lease during the COVID-19 pandemic can be regarded as a great success and proves that the organizations making relocation decisions can obtain attractive lease terms. We are pleased that we were able to represent a tenant in the process of negotiating a new lease agreement.
Dorota Gruchała, Head of JLL Office in Kraków
