Page 20 Poland - Your Place To Invest
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POLAND YOUR PLACE TO INVEST
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AT THE END OF H1 2017, THE TOTAL OFFICE STOCK IN POLAND WAS ESTIMATED AT OVER
9.6M SQ M WITH A DIVERSE RANGE OF OFFICE BUILDINGS ON OFFER MAINLY IN THE
SEVEN LARGEST CITIES. IT IS WORTH EMPHASIZING THAT THE POLISH OFFICE MARKET
IS UNIQUE IN TERMS OF NUMBERS OF OFFICE LOCATIONS WHEN COMPARED WITH
OTHER CEE COUNTRIES, WHERE ALMOST ALL THE STOCK IS CONCENTRATED IN ONE
CITY, WHICH IS TYPICALLY THE CAPITAL. WARSAW REMAINS THE DOMINANT MARKET
WITH A TOTAL MODERN OFFICE STOCK AMOUNTING TO 5.16M SQ M, WITH A FURTHER 3.8
M SQ M OF MODERN OFFICE STOCK LOCATED IN SIX MAJOR REGIONAL CITIES: KRAKOW,
WROCLAW, TRICITY, KATOWICE, POZNAN AND LODZ. THE REMAINING OFFICE STOCK IS
LOCATED IN THE EMERGING OFFICE MARKETS.



Warsaw is the largest and the most expensive office The largest regional cities, including Krakow, Wroclaw,
market in Poland. Monthly asking rents range from EUR 20 Tricity, Katowice, Poznan and Lodz, are also rapidly
to 23 per sq m in the prime buildings in the Central Business developing office markets, which offer well-developed
District, while other central locations varied from EUR 13 to business infrastructure and provide a competitive level of
EUR 21 per sq m per month. The asking rents in buildings investment costs. While in Warsaw it is the financial, public,
outside the city centre were quoted at EUR 10.5-16.5 per sq telecommunication and IT sectors that traditionally make
m per month. The capital city is, at the same time, the most up the largest share of lease agreements volume, in regional
dynamically developing market, where the rapid growth of cities in the last five years tenants from the growing business
office stock currently outpacing the relatively stable demand services sector have played the essential role. According
resulting in the increasing availability of office space. to our estimates, they currently occupy from 20% of office













WARSAW KRAKOW WROCLAW TRICITY


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Total stock: Total stock: Total stock: Total stock:
5.16M sq m 992,200 sq m 873,000 sq m 645,550 sq m

Offices under Offices under Offices under Offices under
construction: construction: construction: construction:
750,000 sq m 299,300 sq m 207,000 sq m 150,300 sq m

Asking rents: Asking rents: Asking rents: Asking rents:
EUR 10.5-23/sq m/month EUR 10-15.5/sq m/month EUR 10-15/sq m/month EUR 10-13/sq m/month
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