Upper One fills up with tenants. Seven of 34 floors already taken
Strabag Real Estate has found tenants for seven floors of the office tower in the complex in central Warsaw, which is set to be completed next year. The complex is also to house a hotel.
Jacek Kadaj · Unsplash License
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Tenants on seven floors
The developer Strabag Real Estate has signed lease agreements for seven of the 34 floors of the Upper One tower in central Warsaw (Biurowiec Upper One zapełnia się najemcami. Wzięto już siedem pięter – Rzeczpospolita). This means that about one fifth of the office space in the building already has users assigned to it, before the facility is put into use.
Completion date and hotel
The tower is scheduled for completion next year. The complex is also to include a hotel, which adds a service function to the project alongside the offices. In this way, the investment combines workspace with accommodation facilities in one place.
What it means for the market
Leasing part of the space before construction is finished reduces the developer's investment risk and shows that demand for new offices in central Warsaw remains despite the general caution of companies regarding the square metres they rent. The leased floors are also the first confirmation that the project is finding customers before construction is completed.
Reader questions
The available information does not show which tenants occupy individual floors, what the rent levels are, or what share of the remaining space is still vacant.
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