Bright Future In Front of Kraków

The audience attending the Lesser Poland Real Estate Forum.
The audience attending the Lesser Poland Real Estate Forum.
CBRE, international commercial real estate services firm, presented data concerning the commercial real estate market in Kraków.

During the conference Lesser Poland Real Estate Forum, the latest CBRE report was presented: “Kraków – commercial real estate market 2013”. The company’s experts presented their analyses of the real estate market and current trends, sharing their prognoses for the near future.

Kraków is considered to be the most important business service centre – not only in Poland, but also in the entire region. There are over 60 service centres in Kraków, which employ nearly 20,000 people. In the ranking Tholons Top 100 outsourcing cities 2013, Kraków was ranked 10th in the world and 2nd in Europe in the category “Best Outsourcing Destinations”. – said Daniel Bienias, Director of Tenant Representation division at CBRE Office Department.

Mikołaj Martynuska, Director of Development Consultancy at CBRE, comments: Kraków is the star of commercial real estate markets in the region. It is ranked second, after Warsaw, in respect of commercial real estate supply – it presently offers 600,000 sq m of modern offices. Commercial real estate market is not equally developed, but this fact can be perceived as a great opportunity and challenge both for local and foreign developers.

CBRE experts discussed the city’s assets and the most attractive locations.

In the last decade, Kraków has invested significant sums in the development of infrastructure, thanks to which new regions were activated. This concerns also those districts which used to be considered as solely industrial until now – for example, the Zabłocie district or green space belonging to the Jagiellonian University Campus. We believe that the development of Kraków, which has been also investing in human capital, will have a positive effect in the form of new investments and formation of specialised centres for Research and Development. Kraków is no longer associated with cheap labour, but as the leading centre of education, boasting excellently qualified professionals in the fields of science and technology. – said Mikołaj Martynuska.

During the presentation, the audience learned about organisation challenges related to the choice of new premises. The experts gave advice concerning renegotiation gambit in times of economic crisis and commented on new workplace strategies. In the recent years, CBRE helped to attract large investments, thanks to which many Poles found employment, and offices filled with tenants. CBRE helps developers and companies find the best solutions on the commercial real estate market, adjusting projects to their clients’ individual requirements. We believe that meetings and trainings such as the Real Estate Forum enable us not only to share our experience with others, but to strengthen our position on the international investment market. – says Agnieszka Libura, Director of BPCC, Kraków.

Below, you will find the full version of the report in a PDF file.

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