_Investment focus: The changing face of Warsaw's Praga district

Learn more about Warsaw's exciting district

From overlooked to prime district 

For decades, Praga was perceived to be one of Warsaw’s least attractive districts, both in investment and social terms. As pre-war factories and former production plants were closed down, the gradual deterioration of the surrounding tenement houses followed. However, Praga has reinvented itself over the last decade. The district is now seen as a unique part of the city with huge potential for development. 

Thanks to new investments and intense regeneration, Praga is on the rise. The area's rich culinary, artistic and cultural offerings attract Warsaw's young, creative and hip ,elevating the area to Warsaw's trendiest go-to district, much like New York's Lower East Side and London's Shoreditch. 

Multi-function properties lead the change

The changing character of Praga owes much to economic and social revival, but the transition from neglect to reinvention has spanned a decade. Post-industrial zones and historic tenement houses have been restored to their former glory - the district's industrial roots taking on new life and purpose.  

Warsaw's Praga district is a magnet for creatives and investors

New projects are diverse and combine residential, office, leisure and retail with a large focus on entertainment.

Often called the 'real Warsaw', Praga is now one of Warsaw's major cultural and contemporary art centres in thanks to its unique bohemian charm. Located on the right riverbank, the area's architecture is mainly characterized by old pre-war tenement houses sitting alongside renovated pre-war factories and warehouses - restaurants, theatres, bars and galleries - now the favourite haunts hip Varsovians. 

A magnet for business

Still, not only bohemians value the unique character of Praga. The area is an attractive location for business, chosen first and foremost by the creative sector and start-ups.

No other district in Warsaw holds so many creative industry companies. To satisfy this demand, many co-working areas are being created in Praga. They are the go-to destinations for freelancers, micro-companies or small businesses. The constantly evolving office market in Praga offers a variety of co-working spaces, micro-offices and business incubators*. 

Business is drawn to Praga thanks to its proximity to the city centre, a well-established network of public transportation and much lower rental costs. The district benefits hugely from remaining close to downtown and maintaining its distinct character.