Desperately Seeking Small Spaces at Low Rents

Clients looking for smaller and cheaper space outside the city centre, relatively stable rents and local developers building small office buildings: announcements in Gdańsk and quite a few investments in Poznań. This just about sums up the office space market in Poland's largest cities over the past half-year. Kraków Rafał Oprocha, CB Richard Ellis: For the last three months there has been increasing activity on the Kraków market, with occupancy rates increasing steadily. We have 62,000 sqm. of modern office space in Kraków, 26-27 percent of which, does not have tenants. Compared to last year, the index has decreased by 3-4 percent. Most of the modern office space is leased at 80-90 percent, and the high vacancy rate is attributable to just one building, which is only half-leased. Although few major transactions have been agreed in Kraków in the last half-year, I am expecting a number of big leases in the coming months.  Transactions from the last si