Office Market 1 H 2016

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Office Market in Poland 1H 2016

The report includes information on:

• Demand on major office markets in Poland in the first half of 2016

• Situation on the main office markets in the country

• Rental rates on the main markets

• Supply of office space in the largest agglomerations

• Absorption of the office market in Poland

In the first half of 2016, 360 000 sq m of office space was leased in Warsaw. In Cracow, 110 000 sq m of offices went to the tenants, and in Wrocław the demand for offices amounted to 165 000 sq m.

On the Poznań market, in the first 6 months of 2016, lease agreements were signed for 26 000 sq m of offices, whereas 37 000 sq m were contracted in the Tri-City. In Łódź, the demand for offices amounted to 18 000 sq m during that period. On 6 main office markets in Poland in mid-2016, the supply of modern space reached the value of 8.6 million sq m. About 1.4 million sq m still remains under construction, and the vacancy rate is 13.4 per cent.

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