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Lots of space but no vacancies

Rafał Ostrowski 05 February 2019

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

Lots of space but no vacancies
Bożena Garbarczyk a senior consultant at Knight Frank

POLAND Around 145,000 sqm of office space was completed in Wrocław in 2018, according to Knight Frank.

This is the highest annual figure ever recorded for the city and almost three times more than in 2017. Despite the record volume of new supply delivered to the market in 2018, the vacancy rate in Wroclaw, due to the high demand decreased by 0.3 pp. y-o-y with a record absorption of 134,000 sqm over the year.

“Wrocław with a modern office space stock of 1.05 mln sqm at the end of last year is the second largest regional office market in Poland (the first being Kraków). Despite the record volume of new supply delivered, we do not expect any significant slowdown this year. Currently, there is over 200,000 sqm office space under construction,” said Bożena Garbarczyk a senior consultant at Knight Frank.

With around 162,000 sqm of space leased, 2018 saw the second highest amount of space in the history of the Wrocław market, only 20,000 sqm lower than in the record-breaking year of 2017. “Office take-up in Wroclaw constitutes around 25 pct of the volume of lease agreements recorded in regional cities,” said Marta Mądry from the Knight Frank Wroclaw office.


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