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The office market continues to lack enthusiasm from capital, which, if it decides to purchase at all, prefers smaller acquisitions in other sectors. Banks are also cautious, "green financing" looks good only on paper, and macroeconomic surroundings are not comforting. Therefore, many players are revising their investment plans and shifting to other sectors or adopting a "stand-by" position. When will the shining towers and vast campuses become desirable again for investors?

The hunger for space in the capital sometimes forces large tenants to settle their businesses in regional cities, where there is a shortage of housing for employees brought in from all over Europe. However, there is an increasingly visible gap in the transactional market between Warsaw and other metropolises – is this already a "two-speed market"? Or will BTS offices return to favor?

The "Optimization Action" continues, the hybrid work model rules, and flexible spaces are bursting at the seams. The supply gap is saving the situation for renters, allowing the best office buildings to be leased rapidly, but this situation will not last forever. Also, modernized older properties, which previously struggled to find tenants or were demolished, are coming back into play. Will space optimization and the hybrid model stay with us forever? Should we expect new tenants, or rather a new game changer – a four-day work week?

ESG has firmly established itself in offices – investors, developers, and owners of existing buildings know this well and spare no effort or resources to adapt spaces in line with ecology and the new needs of users (and neighbors). However, tenants are increasingly unwilling to bear the growing costs of fit-out, so who will pay for it? How have ESG ideals and the new work model changed the design of office spaces? How to plan spaces to attract tenants and ensure their well-being?