Soon to breach the 1 mln sqm mark

The TriCity is one of Poland’s fastest-growing office markets. More than 230,000 sqm is in the pipeline with Skanska and Polski Holding Nieruchomości soon to break ground on their first projects there. In the first quarter of 2019, Tricity’s vacancy rate stood at 5.4 pct, the lowest of Poland’s eight core regional city office markets. We have to ask ourselves what pushed the region’s vacancies down to such a low? The TriCity’s vacancy rate has been on a downward path since the beginning of 2016, largely due to robust occupier demand for office space. The Tricity is one of Poland’s fastest-growing office markets, with more than 790,000 sqm of office space (596,000 sqm in Gdańsk, 160,000 sqm in Gdynia and 32,000 sqm in Sopot). Taking advantage of the growing demand, developers have recently broken ground on projects that are expected to provide more than 230,000 sqm over the next three years, bringing the region’s total office stock up to ove