{"id":83,"date":"2017-02-10T01:00:15","date_gmt":"2017-02-10T01:00:15","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=83"},"modified":"2017-02-10T01:00:15","modified_gmt":"2017-02-10T01:00:15","slug":"demand-office-space-sets-new-high-polish-regional-cities-93209","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/demand-office-space-sets-new-high-polish-regional-cities-93209\/","title":{"rendered":"Demand for office space sets a new high in Polish regional cities"},"content":{"rendered":"

In 2016, total office stock in Poland\u2019s eight key regional cities (Krakow, Wroc\u0142aw, Tricity, Katowice, Pozna\u0144, \u0141\u00f3d\u017a, Szczecin and Lublin) rose to nearly 4 million sq m. Krakow, Wroc\u0142aw and Tricity remain the largest regional office hubs. Office take-up hit nearly 590,000 sq m, which represented a 50% rise on the average for the years 2011\u20132015. Global real estate services firm Cushman & Wakefield presents an overview of the Polish regional office market for 2016 in its latest report Office Market: Polish Regional Cities<\/em>.<\/strong><\/p>\n

The total volume of lease transactions completed on the Polish regional markets in 2016 reached 585,000 sq m. The strongest leasing activity was in Krakow (188,000 sq m) and Wroc\u0142aw (120,000 sq m). At year-end 2016, net absorption was positive and totalled approximately 380,000 sq m, up by 9% on 2015\u2019s value.<\/p>\n

\"Krzysztof
Krzysztof Misiak, Partner, Head of Regional Cities, Cushman & Wakefield<\/figcaption><\/figure>\n

Krzysztof Misiak, Partner, Head of Regional Cities, Cushman & Wakefield, said: \u201cRegional office markets are witnessing rapid growth and very strong occupier interest, with the highest demand recorded in Krakow, Wroc\u0142aw and Tricity. Leasing activity is also robust in \u0141\u00f3d\u017a, Pozna\u0144 and Katowice, whilst other regional markets with a significant growth potential include Lublin and Szczecin. Business services are the main driving force behind the growth of the regional markets. This sector employs more than 200,000 staff in nearly 1,000 business services companies operating across the country. Poland remains an attractive place to locate business, especially in the tech and financial sectors.\u201d<\/p>\n

 <\/p>\n

In 2016, regional office supply totalled 491,000 sq m, representing a 34% rise on the value recorded in 2015 and a 75% increase on the average supply of 280,000 sq m for the years 2011\u20132015. The largest volumes of new space were delivered onto the most mature markets of Krakow (149,000 sq m) and Wroc\u0142aw (142,000 sq m).<\/p>\n

\"Kamila
Kamila Wykrota, Partner, Head of Consulting & Research, Cushman & Wakefield<\/figcaption><\/figure>\n

Kamila Wykrota, Partner, Head of Consulting & Research, Cushman & Wakefield, said: \u201cStrong demand levels are leading to increased developer activity in regional cities. Given the development pipeline, this year\u2019s supply is expected to be close to the record high posted in 2016. The largest volume of new office space is likely to be delivered in Krakow, which will see its total stock top 1 million sq m this year.\u201d<\/p>\n

Robust developer activity pushed the average vacancy rate up by 1.7 percentage points to 10.8%. The vacancy rates rose in Wroc\u0142aw (from 8% to 12.5%) and in Krakow (from 3.7% to 7.2%), and fell in \u0141\u00f3d\u017a (down to 6.2%) and Pozna\u0144 (13.6%). Rents remained flat at EUR 12\u201314.5\/sq m\/month in the largest regional cities with the highest asking rents in Krakow, Wroc\u0142aw and Tricity.<\/p>\n

\"Katarzyna
Katarzyna Lipka, Associate Director, Consulting & Research, Cushman & Wakefield<\/figcaption><\/figure>\n

Katarzyna Lipka, report author and Associate Director, Consulting & Research, Cushman & Wakefield, said: \u201cGiven the large volume of office space under construction on most regional markets, both developers and owners are likely to see growing tenant expectations and will be challenged to offer more lease incentives. Poorer quality office buildings or those located in secondary locations will be most affected.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2016, total office stock in Poland\u2019s eight key regional cities (Krakow, Wroc\u0142aw, Tricity, Katowice, Pozna\u0144, \u0141\u00f3d\u017a, Szczecin and Lublin) rose to nearly 4 million sq m. Krakow, Wroc\u0142aw and Tricity remain the largest regional office hubs. Office take-up hit nearly 590,000 sq m, which represented a 50% rise on the average for the years […]<\/p>\n","protected":false},"author":1,"featured_media":14,"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":[8,5],"tags":[151,60,78,75,70,69,2688,77,73,64,74,76,72,71],"class_list":["post-83","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","category-business","tag-cushman-wakefield","tag-kamila-wykrota","tag-katarzyna-lipka","tag-katowice","tag-krakow","tag-krzysztof-misiak","tag-leasing","tag-lublin","tag-lodz","tag-poland","tag-poznan","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\/83","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=83"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/14"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}