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New office buildings on the regional markets

More offices  are emerging on the main regional markets in Poland than in Warsaw. Most of them will be occupied by companies from the business services sector. According to the estimations by Walter Herz analysts, a total of over 900 thousand  sq m of modern office space  is currently under construction on the eight largest office markets in Poland. Approximately 700 thousand sq m of office space is emerging in Warsaw.

The demand for offices in regional cities remains at a stable, high level. In major urban areas in the country, developers are leasing more space than they commission. In the first half of 2016, a total of over 220 thousand sq m of offices was commissioned on the largest office markets outside Warsaw. Almost 80 per cent of them in Cracow, Gdańsk and Wrocław. The concluded lease agreements during this period in the regions amounted to a total of almost 270 thousand sq m space. The most active tenants were in Cracow. The city was responsible for over 40 per cent of the total volume of the lease.

Modern business services sector continues to report the biggest demand for offices on the local markets. In the Tricity, Wrocław and Katowice, the companies representing the industry occupy over a half of space in the emerging office buildings. In Cracow, they lease the  3/4 of offices entering the market, say Walter Herz experts.

Walter Herz company provides specialist consulting services in the commercial real estate sector. Support Polish and international companies in the commercialization, leasing and managing real estate. Help clients in the process of investing and managing projects.

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