Outside Warsaw, Wrocław and Kraków are also mature markets with a broad offer of office facilities. The supply of the office space in these two cities constitutes over three quarters of the total area earmarked for lease in all Polish provincial cities. In spite of the fact that this will be a record year for Kraków in terms of the square metres delivered, developers’ forecasts are still optimistic, i.e. the demand is at a stable level, mainly thanks to the intensive development of the modern business services sector, which continues to require new office space. The situation is similar in Wrocław, which is behind Warsaw and Kraków but still one of the leaders in modern office supply with an impressive transaction volume of around 75,000 sqm. Admittedly, this year so far does not seem to be as dynamic as 2013. However, the presence of such institutions as IBM, Nokia, Google and HP in the city should still mean that the development of the office market remains positive. For U
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young