The market can be saved from oversupply by increased domestic demand. However, it is difficult to estimate it.
The Polish sector of office property passed through the period of global economic slowdown in 2009-2010 relatively smoothly. After a short period of supply drought developers estimated the capacity of the new market optimistically, defrosted previously suspended projects and undertook many new ones. According to Colliers International in 2013-2014 as much as 1 million square meters of new office space can enter the Polish market. However, the economy slows down and the external demand is slightly lower than expected. Is our office market able to absorb such a great supply of new space in the coming years?
Participants of the 6th “Biurowce w Polsce” (Office buildings in Poland) conference will be looking for the answers to this and to other questions. The conference is organized by Nowy Adres S.A. company. It is the most important and prestigious meeting of the office branch in Poland. Once again it will last two days – it will take place on 23rd and 24th November in Marriott hotel in Warszawa.
The conference’s forum will host over 40 speakers representing the full spectrum of views and opinions, and nearly 250 participants active on the Polish office market. The second day of the conference will be opened with a lecture “Bulgaria, Romania, the Czech Republic, the Ukraine – the rivals of Poland in the fight for BPO tenants. What are they batter at, what are our advantages?” by one of the most well-known experts of the European office market – Damian Harrington, Colliers International, Regional Director of Research, CEE.
On the same day there will be discussions on issues which so far did not appear during national conferences such as adjusting the office space to the changes forced by the spread of e-work model, and the areas where older buildings can compete for tenants with state-of-the-art projects.
The first day of the conference will be dominated by summaries of the current market situation and the issue of the attractiveness of Polish office buildings as investment products. Representatives of international consulting companies and the main developers on our market will take part in discussion panels. Also there will be debates with representatives of banks which finance commercial projects.