Good year for regional office market

The data from the end of December 2017 leaves no doubt – it was a very successful year for the office market in regional cities. High developer activity and tenant demand for office space in major regional cities resulted in further rapid growth of the office sector and the breaking of new records. In 2017, the total volume of modern office stock in six major regional markets (Kraków, Wroclaw, the Tricity, Katowice, Poznań, and Lodz) grew by almost 428,000 sqm with the completion of 53 projects. As a result the total stock in these cities surpassed 4 mln sqm. Last year’s new supply was 10 pct lower than in the record-breaking year of 2016. The largest completed property was the Argon building in the third stage of the Alchemia complex (Torus, 36,000 sqm) in Gdansk. However, it was not the Tricity that was to be the leader in terms of new supply. More space was delivered to the market in Kraków (190,000 sqm), including buildings E and F in Enterprise Park (Tristan Capita