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More office buildings in Kraków

The total number of investments conducted currently in Kraków is able to satisfy growing expectations of tenants, as the research of "Krakowski Rynek Nieruchomości" indicates.

The total number of investments conducted currently in Kraków is able to satisfy growing expectations of tenants, as the research of Krakowski Rynek Nieruchomości indicates.

The report, prepared by the biweekly magazine Biurowce w Krakowie – podsumowanie roku 2012, analyzes the most import ant events on the office market in the capital of Małopolska of the last year. The Kraków office real estate market holds the second position in Poland, following Warsaw, in terms of size. Its creation is mostly influenced by the human capital and infrastructural conditions.

The analysis conducted by the team of the biweekly magazine Krakowski Rynek Nieruchomości shows that renting rates in 2010 fluctuated at the level of 12-15 euro/sq. m, whereas the vacancy rate in Kraków at the end of the year was 17 per cent. The increase of the rate in comparison with  the previous year was caused by the high supply of space in view of the restricted demand in the time of recession. A particularly sudden growth of new space occurred in 2009, when the amount of space put into use reached its height.

A suitable adaptation of standards to clients’ requirements will be particularly significant for the future situation, as the authors of the report claim. It results from the fact that tenants, as their companies develop,  analyze new office buildings in terms of their standard, location, communications and renting costs. 

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