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Office Real Estate Market in Regional Cities

Bonarka for Business
Bonarka for Business
What was the Q1 2017 on the office real estate market in eight main regional cities of Poland? We present you data published by PORF.

Polish Office Research Forum (PORF) published data concerning office real estate market in eight main regional cities in Poland (Krakow, Wroclaw, Tricity, Katowice, Poznan, Lodz, Szczecin and Lublin) for Q1 2017. The market data, which is prepared in cooperation with the team of analysts, pertains to the resources of modern office space, new commissioned buildings, number and size of lease transactions, or amount of unrented areas.

 

Office Real Estate Market in Regional Cities – Q1 2017 

 

  • 3 989 400 sq. m – total resources of modern office space in eight regional cities at the end of Q1 2017. The largest areas are located in Krakow (941 000 sq. m), Wroclaw (866 000 sq. m), or Tricity (636 700 sq. m);
     
  • 13 buildings of the total size amounting to 67 200 sq. m – commissioning in Q1 2017. The largest amount of new areas (28 200 sq. m) was commissioned in Krakow and Wroclaw (17 900 sq. m). The largest projects are Bielany Business Point (12 000 sq. m) in Wroclaw, two buildings in Krakow – building G in Bonarka for Business (10 000 sq. m) and Orange Office Park II Den Hague (9600 sq. m);
     
  • Nearly 386 000 sq. m of office space – available for rent in eight main regional markets, which constitutes 9.7 per cent of total resources. The highest vacancy rate was recorded in Katowice – 14.6 per cent, and the lowest – in Łódź, that is 5.8 per cent;
     
  • More than 177 700 sq. m – total volume of lease transactions concluded in Q1 2017. The largest amount of rented areas was recorded in Wroclaw (58 900 sq. m) and Krakow (52 500 sq. m);
     
  • The largest transactions concluded in Q1 2017 are: renewal of the contract by Energa Group in Olivia Business Center in Gdansk (15 100 sq. m), new lease contract concluded by Capgemini in Business Garden Wroclaw (13 100 sq. m) and pre-lease contract in Sagittarius Business House in Wroclaw signed by EY (10 500 sq. m).

 


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