Northern potential and rising vacancy

Tri-City on the top The TriCity is the largest office market in the north of Poland, where over 70 pct of the existing supply is located in Gdańsk. In the first half of 2015, more than 30,000 sqm was completed. In H2 2015, the vacancy rate over the entire conurbation will trend upward. This in particular applies to the Gdańsk market, which will record the highest growth in new stock. Due to the wide variety of leasing options and the growing competition between developers, tenants should be able to negotiate favourable financial terms (for both new agreements and the renegotiations of existing contracts). Free space in Szczecin Szczecin currently has 20,000 sqm of office space under construction. The new projects scheduled for completion by the end of the year include Storrady Park Offices and Kosmos Art & Business Centre. Almost 17 pct of the existing supply remains vacant, which translates into almost 19,000 sqm of vacant space. &l