Years 2011-2012 will be characterised by significantly lesser increment of office space in Poland than in the period of 2009-2009 – informs Property Times a consulting firm DTZ. The firm perceives the Global Financial Crisis and difficulties in obtaining financing for newly commenced investments as the main reasons of the market’s slowdown.
The combined supply of office surface in the biggest Polish cities amounts to 1 900 000 sqm (at the end of the fourth quarter of 2010). Among the most important regional towns, excluding the capital city of Warsaw, the largest cluster of office space is located in Cracow (417 000 sqm). Slightly less space, namely 370 000 sqm, is located in Wroclaw. Tricity, where the overall space amounts to 324 000 sqm, takes the third place. – informs Rzeczpospolita.
The fourth quarter of 2010 was concluded with commissioning of total 209 000 sqm of modern office space. In comparison to the previous year, there was a drop by 10 per cent. Rental rates of a new surfacse are not going to diverge from the average market rates.