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Boom office in Krakow

Office building Pałac Goetzow, Browar Lubicz
After the first half of 2014 Capital of the Malopolska remains the leader among regional markets in terms of volume of office space and, according to the indicators in the coming quarters will remain in that position.

More than 20 000 sqm. new office space and 136 500 sqm. under construction - so consulting company Knight Frank sums up the first half of 2014. Krakow market for office. The city is currently approx. 600 000 sqm. modern office space, and the coming months will translate into a further increase in its volume.

According to Colliers International, during the first six months of 2014. Krakow office market expanded by four office projects Alma Tower (10 700 sqm), Pascal (5500 sqm), Biuromax (2200 sqm.) And the Palace of Goetz (1900 sqm.) . The first one has realized by UBM at st. Piloci and is now fully lease. Great interest in the Pascal, which is the fourth building in the complex GTC - Office Center crown. The first tenant of an object located at st. Armia Krajowa is IBM. A third of the buildings - Biuromax - created at st. Radzikowskiego and now the investor is in advanced talks with potential tenants. In contrast, Goetz Palace is part of a comple Browar Lubicz and is located in the city center. Tenants include the restored building Consulate General of Hungary and the company Codewise.

In the second half of 2014. Been completed approx. 87 360 sqm. (data Knight Frank), among others in such projects as Kapelanka 42, Orange Office Park and Enterprise Park C. Fruitful will also again, 2015 years, when completed will include investments such as the third stage of Orange Office Park or the next stage of the first building Bonarka for Business.

Krakow differentiator to other markets is the vacancy rate - according to Knight Frank, the first half of the year amounted to 4.5 percent, and while according to the Colliers International is not even 3.7 percent. (the volume of supply by the agency of 526 470 sqm). This means that Krakow is the least vacancy rate among all regional markets. It should be noted, also factor pre-let. In most cities it oscillates between 18,5-25,5 percent., While in the capital of Malopolska up to 44 percent has realized a protected area is pre-let agreements.

Office Space in Krakow, despite the very low vacancy rates remain cheaper than those offered in Wroclaw and Poznan. Highest headline rents are in the range of 13,5-14,5 euro / sqm per month.

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