Colliers International pulished its annual report on trends in the real estate sector, “The overview of the real estate market and prognoses for 2012” (“Przegląd rynku nieruchomości i prognozy na 2012”).
In 2011, the total resources of office space in Poland were subject to slight changes only. Tenants displayed substantial activity not only in Warsaw, but also in regional cities.
In 2012, Poland will probably remain a leader in Central and Eastern Europe in terms of investment. The disproportions between capitalization rates for the best real estate and capitalization rates for the lower quality real estate should remain on a similar level to that of the last year.
The year 2012 will be favourable for investment real estate on condition that the Eurozone will cope with the debt crisis, and the situation on financial markets will not deteriorate.
It is expected that In the year 2012, there will be a substantial increase of new office space. In all probability, the increase will be twice as big as in the previous year. In the first two quarters, one may expect a stable situation on the renting market. The second half of the year, however, may bring the decline of demand; this will be settled by macroeconomic factors.
Among the analyzed cities (Warsaw and regional cities) in 2011, Szczecin had the lowest vacancy rate (2,9 per cent). The highest rate was 24,2 per cent. In Warsaw, it was 6,7 per cent and in Kraków 8,5 per cent. As far as lease contracts are concerned, the renting of Green Horizon in Łódź by the Infosys BPO Poland company deserves special attention.Download PDF