Got a few square metres?

The record demand for offices in Poland, the falling vacancy rate (less than 10 pct in major cities, 8.25 pct in Warsaw) and the growing popularity of pre-lease contracts for space under construction – all these factors point to the fact that we are now in a landlord’s market and the availability of offices on the market is limited. It would seem, therefore, that subleasing, which naturally fills the supply gap, should be experiencing a renaissance. What do the numbers say? “Available subleases numerically make up an average of around 10 pct of all currently available leasing options in Warsaw. When it comes to the ratio of sublease transactions to the total demand, the figure doesn’t reach more than 1.5–2 pct, but it should be remembered that such data only emerges when sublease offers arise on the market. Many of these contracts are concluded within a group of companies or as subleases with neighbouring companies in the same building – deals that a