Warsaw has one of the largest tech hubs in the CEE region
Providing cultural activities, diverse architecture including UNESCO-protected Old Town Market Square, fine dining and access to leisure facilities and green spaces, Poland’s historical capital city Warsaw offers a great quality of life.
The region is the largest office centre in Central and Eastern Europe (CEE) and is a popular location for large overseas corporates to relocate their business operations to due to the cost and affordability of the services on offer, as well as access to a well-educated, often multilingual workforce. In turn, Warsaw has become Poland’s prominent hub for Shared Services Centres (SSC), Business Process Outsourcing (BPO), IT Centres and Research and Development operations (R&D).
Over a quarter of the region’s service centres are owned by companies in the USA, with the rest being owned by companies in the UK, France, Switzerland, Germany and Denmark. Warsaw has become the second highest ranking city for these services in CEE, with businesses in the banking, financial and insurance industries using them.
Agriculture, manufacturing, energy and tourism are the largest industries within Poland, but Warsaw also currently has one of the largest tech hubs in the CEE region (alongside Tallinn). In addition to the city having an exceptional engineering and IT talent pool, in May 2020, Microsoft announced a $1 billion investment plan to accelerate innovation and digital transformation in the “Polish Digital Valley”, with plans to open a new Microsoft data centre to provide the country’s ecosystem of startups, entrepreneurs and enterprises access to secure, enterprise-grade cloud services.
Studio Alliance members have undertaken projects in Warsaw for:
Accenture
Philips
Tom Tom
Warsaw Fast Facts
Average Letting Cost
€288
Square metres, CBD, A-class
Total lettings in 2019
583,000
Square metres
Vacancy Rates
7.8%
City street of old town
Warsaw has become Poland’s first city to join EBRD Green Cities - the European Bank for Reconstruction and Development’s flagship urban sustainability programme. Warsaw joined the programme with the objective of addressing its urban environmental challenges, including water, air, soil and climate change issues. The city will develop a multi-decade investment and sustainable development plan with the support of both EBRD Green Cities and climate leadership group, C40.
Old town square
Significant developments are underway to improve districts across Warsaw, which includes the 310-metre tall Varso Tower. Once complete, the Varso Tower will overtake The Shard in London as the tallest structure in Europe (excluding Russia). In addition to the main tower, two smaller structures – Varso 1 and Varso 2 – will help support plans to redevelop the Wola district into a bustling mix of workplace, commerce and leisure facilities.
Significant Letting
mBank
45,600 sq m
Mennica Legacy Tower, Pereca 21
Significant Investment
Immofinanz
€386m
Warsaw Spire A, Plac Europejski 1