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New technologies shaping offices of the future

On Monday, 11 September 2017 the first conference in Poland devoted to new technology in real estate “PropTech: Digital Transformation In Commercial Real Estate” was held in Warsaw Spire office building. The event was organised by Cushman & Wakefield, a global real estate services firm, together with ShareSpace and spaceOS.

PropTech, similar to shared space or co-working industries, is one of the fastest growing sector on the commercial real estate market. Digital transformation is already sweeping across the world of finance, transport, marketing and media. A smartphone app, which allows us to enter an office, book a conference room or control lights is no longer an option – it is an imperative, and people expect even more to be able enjoy a comfortable working environment. With the rapidly changing needs and profiles of the new generation of tenants, including the growing number of start-ups, we are standing on the brink of a new technological revolution on the office market.

Last year co-working companies were the main driving force behind Warsaw’s office demand. An increasing number of tenants were seeking a desk or an office in office schemes such as Brain Embassy, Business Link and HubHub.

Co-working space accounts for less than 1 pct of Warsaw’s total office stock compared with 2-3 pct in the world’s leading co-working locations. This segment of the Warsaw market is, however, expanding at a brisk pace of 70 pct year-on-year in 2017 and is expected to provide 78,000 sq m of co-working space by 2020.

The shared office is hotter than ever attracting more and more small-scale businesses which benefit from operating in a synergistic, energised and inspiring working environment.

The scale and depth of the market transformation is fuelling the PropTech sector, and we are now seeing a proliferation of innovative tech-solutions for commercial real estate clients. Modern technologies facilitate office space management, improve tenant retention and enhance the attractiveness of office buildings.

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