Warsaw Research Forum presented data about Warsaw

Warsaw Research Forum has collected data about the Real estate market in Warsaw and presented the state of research for the end of the first quarter of 2012.

The research was prepared on the basis of data collected by consulting companies constituting Warsaw Research Forum –  CBRE, Colliers International, Cushman & Wakefield, DTZ, Jones Lang LaSalle, Knight Frank and Savills. All these subjects do their best to unify the indicators published by them. In order to achieve this, they compare their particular data.

In the first quarter of 2011, the resources of modern office space in the capital increased by 47 800 sq.m, delivered in six office projects. One of the investments was located in the centre and the remaining ones outside the centre. The updated data point out 3 644 800 sq.m of the office space in Warsaw.

The vacancy rate in the cabital increased in the first quarter by 60 basa points, reaching the level of 7,3%-7,4% in the Central zones and 7,2% in locations outside the centre.

Modern office space rented in the first quarter reached the level of 125 000 sq.m, which is a result worse by 6%, in comparison with the previous quarter. The majority of lease contracts were signed in the South-Upper zone, in the Outskirts of the Centre  and in the South-West zone. 4% were the additionally rented area (4 450 sq.m.) and the negotiated contracts – about 32% (40 1000 sq.m). The biggest transaction considered Plac Unii (Union Square). ING Group concluded here the pre-let contract amounting to 12 100 sq.m. Jeronimo Martins is also worth mentioning; the company rented 5000 sq.m. in a building built for their own needs outside the centre. Societe General, on the other hand, renegotiated  4 100 sq.m in Saski Point in the Centre.

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