Flexible office stock in Poland has increased six-fold since 2015. This diversified market perfectly meets the expectations of numerous sectors, small businesses, and corporations. As the expansion of flex operators slows, fewer and fewer offices remain available to tenants both in Warsaw and on major regional markets.
Although only two operators are responsible for one third of the flex market in Poland: IWG – owner of the Regus and Spaces brands – and WeWork, we can definitely speak of a great diversity in this segment. The offer of flexible offices differs in terms of the proposed forms of cooperation, functionality and design. They therefore can effectively respond to the expectations of companies of different sizes from a range of industries,
says Adam Lis, Flexible Office Solutions Manager, JLL.
Six-fold market growth in six years
Over the past six years, the supply of flexible office space in Poland has increased as much as six times. At the end of Q3 2021, the volume of operating flexible spaces was over 280,000 sqm in major business hubs[2], of which almost 180,000 sqm was located in Warsaw. However, this only represents 2.9% of the capital's total office stock[1] Warsaw, Kraków, Wrocław, the Tri-City, Katowice, Poznań and Łódź,
explains Hanna Dąbrowska, Research Analyst, JLL.
The average occupancy level of major operators locations in the central districts of Warsaw exceeds 80%. At the same time, the pandemic has dampened their enthusiasm for further expansion. As a result, in the coming months, we can expect a shortage of flex spaces in the most attractive locations,
adds Adam Lis.
Flexible spaces – new models, needs and solutions
Flexible office operators have been quick to respond to companies' needs that stem from the proliferation of the hybrid working model, which offers, for example, on-demand access in their centres. Tenants can also obtain access cards for more employees than the number of rented workstations which allows for a certain degree of hot-desking within their flexible portfolio,
adds Adam Lis.
For example, there would be potential to offer this type of space in Gdynia, to enable employees who commute daily on the Gdańsk-Sopot-Gdynia line to minimise commuting times,
explains Hanna Dąbrowska.
[1] JLL 2021 occupier survey
[2] Warsaw, Kraków, Wrocław, the Tri-City, Katowice, Poznań and Łódź