You are here:

PORF issues data on the warsaw office market for Q3 2016

The Polish Office Research Forum has published its data on the Warsaw office market for Q3 2016. Market data prepared by a team of analysts (CBRE, Colliers International, Cushman & Wakefield, JLL, Knight Frank, Savills) concern modern office stock, new completions, the number of deals and take-up volumes, and vacancy rates.

At the end of Q3 2016, Warsaw’s modern office stock summed to 5,017,000 sq m. Between January and September 2016, the market grew by 378,800 sq m(17 projects). To the largest office projects including i.a Warsaw Spire A (59,200 sq m), Gdański Business Center II C i D (49,000 sq m) and Q22 (46,400 sq m). In Q3 2016 one office scheme West Station I offering 28,700 sq m was completed.

At the end of September 2016, modern space available for immediate lease amounted to 732,000 sq m, which constituted 14.6 pct. of total stock ,(a 0.8 pp decrease q-o-q and increase 1.6 pp compared with the analogical period in 2015). Vacancy rate in central locations accounted to 17.1 pct. while in non-central locations it reached 13.5 pct. of modern office stock.

The largest lease transactions in the first three quarters of 2016 included:  a renewal and expansion of 13,800 sq m by a Publicis Groupe in Platinium Business Park III, a renewal and expansion of 8,300 by Google in Warsaw Financial Centre, pre-let agreement of 7,600 sq m by Allegro in Q22 and a 7,500 sq m new deal by confidential client in Atrium 2.

Średnia ocena

Related content


Log in to post comment.

In our website we use cookies. Learn more here. ×