edition:
polskienglish
log in | register
previous
Złote Tarasy office section sold
next
CanPack opens two factories

reklama

Office market looking tight says Savills

Eurobuild CEE 31 October 2018
POLAND Limited supply and high occupier activity are pushing rents up claims Savills, which has released its latest figures for the state of the office market in Q3 2018.

Currently, Warsaw has 5.42 mln sqm of modern office space, including 190,000 sqm delivered in the city over the last three quarters. Most of the new supply is concentrated in central locations accounting for 55 pct of the share in new office space delivered to the market. Currently almost 740,000 sqm of office space is under construction across the city, but the next large developments, including Mennica Legacy Tower, Chmielna 89, Wola Retro and Generation Park Z are to be completed in the second half of 2019.

Over the last nine months leases for 632,000 sqm were signed.

“Considering the fact that in the last quarter of the year tenants activity is usually at its highest, we can expect that for the whole of 2018 the take-up volume may be close to or exceed that recorded for 2015 (834,000 sqm),” - says Wioleta Wojtczak, the head of research at Savills.

The vacancy rate in Q3 2018 is down to 10.0 pct (2.9 pp lower y-o-y. Prime headline rents in Q3 2018 remained stable ranging from EUR 21.00 per sqm per month up to EUR 25.00 per sqm per month in top floors in tower buildings, while in Służewiec, the largest non-central office zone, they ranged between EUR 13.00 and 14.75 per sqm per month.


Newsletter
Want to know more? Sign up for the Newsletter


reklama
reklama

conferences

The 24th Annual Property Market Convention
Eurobuild Awards 2018
reklama

reklama
reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.