The increasing role of concentration

Companies looking for big offices prefer to sign a preliminary agreement than to split the company into different localizations.

„Rzeczpospolita” informs that companies looking for new big spaces prefer long-term rental to purchasing office buildings. Often, during the building’s construction, pre-letting agreements are signed thanks to what the tenants may rent even several thousand sq. m in one place. As the newspaper adds, analysts from Jones Lang LaSalle claim that the concentration of activity without the necessity to split the company into different localizations soon will be a common trend on the office market.

Signing a preliminary agreement enables adjusting the investment to the future tenant’s specified needs. The demand for this kind of spaces is so big, that companies ask not only for rentals of rooms or floors but also for the possibility to rent the entire building adjusting it to their individual needs – comments Maciej Grabski, investor of the Olivia Business Centre office complex in Gdańsk. Thanks to the conclusion of long-term pre-letting agreements, the tenant may negotiate better rental fees than in standard agreements.

The biggest completed built-to-suit investment will be Miasteczko Orange – the seat of Telekomunikacja Polska situated on Aleje Jerozolimskie in Warsaw. The company is the only tenant in the 40 000 sq. m complex.

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