{"id":1948,"date":"2022-06-08T10:50:17","date_gmt":"2022-06-08T10:50:17","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=1948"},"modified":"2022-06-08T10:50:17","modified_gmt":"2022-06-08T10:50:17","slug":"office-supply-hits-record-highs-in-regional-cities-97522","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/office-supply-hits-record-highs-in-regional-cities-97522\/","title":{"rendered":"Office supply hits record highs in regional cities"},"content":{"rendered":"

New office supply in regional cities in Poland hit a record high of 243,500 sq m in Q1 2022, representing an uplift of 5% on the previous peak in Q4 2019, reveals real estate advisory firm Savills. More new office space was delivered in the first three months of this year alone than in the whole of 2021.<\/strong><\/p>\n

At the end of Q1 2022, total office stock in Poland\u2019s core regional cities (Krakow, Wroc\u0142aw, Tricity, Katowice, Pozna\u0144, \u0141\u00f3d\u017a, Lublin and Szczecin) stood at 6.27 million sq m, says Savills. According to Spotlight: Office Market in Regional Cities<\/em>, the latest report from the international real estate adviser, Krakow \u2013 with 1.64 sq m of office space \u2013 remains the largest regional city office market.<\/p>\n

\u201cNew lease transactions continue to outnumber renewals, which bodes well for the further growth of the Krakow office market. Steady supply growth coupled with increased occupier demand is expected to support the gradual absorption of vacant office space in the coming quarters,\u201d says Agnieszka Kuehn<\/strong>, Regional Manager, Office Agency, Savills.<\/p>\n

In the first three months of this year, the regional office markets witnessed 243,500 sq m come on stream across 16 new projects, which represented an 8% increase on 2021\u2019s total and the best quarterly result in the history of regional cities. The largest completions included Global Office Park A1 and A2 in Katowice (55,200 sq m), KTW II in Katowice (39,900\u00a0sq m) and Midpoint71 in Wroc\u0142aw (36,200 sq m).<\/p>\n

Of all the regional cities, Wroc\u0142aw recorded the highest development pipeline of 172,000 sq m at the end of March 2022, as well as the largest office take-up in the first quarter, with 38,400 sq m transacted.<\/p>\n

\u201cLeasing activity in Wroc\u0142aw, the capital city of Lower Silesia, is recovering. Thanks to new office developments, occupiers will soon have more choice with regard to their new headquarters needs. Wroc\u0142aw mainly attracts BPO\/SSC tenants and IT companies planning to enter Poland,\u201d comments Bartosz Plewa<\/strong>, Regional Manager, Office Agency, Savills.<\/p>\n

According to Savills data, overall regional take-up in Q1 2022 reached 153,500 sq m, up by 57% on the same period in 2021 but down by 29% quarter-on-quarter. Despite the high absorption, which exceeded 117,400 sq m, the average vacancy rate rose to 15.5%. Downward movements in vacancy rates were reported only in Szczecin and Pozna\u0144.<\/p>\n

\u201cPozna\u0144 is the fifth-largest regional city office market in Poland. Its vacancy rate, however, edged down in Q1 2022 as no new office development was completed in the city in the surveyed period,\u201d adds Piotr Skuza<\/strong>, Regional Manager, Office Agency, Savills.<\/p>\n

Office rents in regional cities hold firm, ranging between EUR 10-15.5 per square metre per month. A slight downward correction was reported only for \u0141\u00f3d\u017a and Katowice. According to Savills forecast, regional cities are likely to see rental growth in the nearest future, fuelled by the ongoing absorption of office space, rising construction costs and high inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"

New office supply in regional cities in Poland hit a record high of 243,500 sq m in Q1 2022, representing an uplift of 5% on the previous peak in Q4 2019, reveals real estate advisory firm Savills. More new office space was delivered in the first three months of this year alone than in the […]<\/p>\n","protected":false},"author":1,"featured_media":1949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[2525,2524,103,3255,75,70,77,73,2523,64,74,317,104,76,72,71],"class_list":["post-1948","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-agnieszka-kuehn","tag-bartosz-plewa","tag-bpo","tag-enter-poland","tag-katowice","tag-krakow","tag-lublin","tag-lodz","tag-piotr-skuza","tag-poland","tag-poznan","tag-savills","tag-ssc","tag-szczecin","tag-tricity","tag-wroclaw"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=1948"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/1949"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=1948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=1948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=1948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}