Month: July 2025

Rents in office buildings are related to the class of the office. There is no discussion about this. It is difficult to expect similar rental costs in class A buildings, which meet the most stringent standards, to the costs of renting space in buildings offering much lower quality of space, often worse location and fewer amenities. However, what is worth taking into account when deciding on the location of the office is the amount of operating costs, the level of which may be surprising and to the benefit of the most modern and prestigious facilities.

According to data published in July this year by Rzeczpospolita based on REDD analyses, there has been a rebound in recent months and rental prices have been slowly but gradually increasing. Rents on regional markets range from 13-14 euros per square meter of space. This applies in particular to buildings that have received high ratings in environmental certification systems or are located in the most prestigious locations.

Importantly, the analysis of the data published by the BNM portal confirms that just as the amount of rents is strongly related to the class of leased space, the amount of service charges is at a very similar level in class A and B buildings, and often in the newest and largest buildings it is even lower than in class B buildings m.kw. and for example in Olivia Centre these fees amount to PLN 24.70 in Olivia Star – the highest and most prestigious building, and in other buildings they range from PLN 21 to 23.

Our low level of service charges is related to the scale of Olivia, which is the largest office center in Poland. Thanks to this, it has the ability to manage costs within its own, very effective facility management, property and asset management teams, as well as the controlling team. This allows you to effectively control costs and integrate them vertically – emphasizes Maciej Kotarski, director of Olivia Centre. – The costs are spread over over 100 tenants, and the size of the facility, covering over 175 thousand. sq.m. of rental space makes it easier to optimize costs for projects such as patio reconstruction, modernization or construction of a new pitch. It is also mainly the scale that allows for numerous own investments and expands our capabilities. In addition, thanks to our good relations and investment in the integration of the Olivia community, we manage to find partners in new ventures among partners from Olivia. A good example is the sponsorship of Omida of two public pool tables or a relaxation and coworking zone, which were provided by Nowy Styl.

Very competitive rates of fees in the largest and most modern office buildings may also be surprising if we take into account the number of additional benefits that are offered to tenants. In Olivia, for example, it is Olivia Garden – a year-round exotic garden, extensive green areas filled with tall trees, pocket gardens, beach volleyball courts, recreational and leisure areas, an observation deck on the 32nd floor of Olivia Star, as well as a number of initiatives and events addressed to tenants’ employees, influencing the integration and development of the community.

12 years of experience in managing such a large project as Olivia allows us to manage our space very effectively – says Monika Pietrzak-Borowska, Director of the Property Management Department at Olivia Centre. – It is also important that we do not entrust the management of Olivia to external entities, and we run everything in-house. This allows for much more effective data analysis and process optimization based on the developed knowledge. In this way, we have a real impact on the formation of the costs of the center’s operation and the ability to provide our tenants with very competitive rates. Running the centre based on its own human resources is also of great importance in the area of building good relations with Residents and quickly responding to their needs. What is more, we offer our services to entities outside of Olivia – owners and tenants of other properties can also benefit from our experience.

The data also confirm the stabilization of demand for office space in the regions. Newmark’s report confirms that contracts in the first quarter of 2025 covered the level of 176,900 m.kw. and mainly concerned renegotiations. This is 20% lower than in the previous quarter, but 27% higher than in the same period of 2024. This trend is also confirmed by the summary of the largest Polish business centre – Olivia Centre. Lease agreements signed in the first half of the year reached the level of 22 thousand. m.kw. Among them, there were 10 new tenants, but most of the contracts signed were related to lease renegotiations with existing customers.