Page 23 - Poland 2017
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OFFICE SPACE UNDER CONSTRUCTION (SQ M) 2016
900,000 800,000 700,000
600,000 500,000 500,000 400,000 300,000 200,000 100,000
0
Source: PORF, JLL, Q4 2016
POLAND YOUR PLACE TO INVEST 23 //
The extensive amount of developer activity is mirrored by the high level of occupier activity on the Polish office market. In particular, tenants from the modern business services sector have in the last couple of years become important market players in terms of occupied office space, mainly in the regional markets. In 2016, companies from that sector were responsible for almost 60% of all take-up registered in Poland (excluding Warsaw). Poland is one of the top countries in Europe when it comes to employment growth (currently holding eighth position in financial and business services). This increase in headcount should have a positive impact on take-up levels and boost the expansion of services in Poland.
It is worth noting that in 2016 Warsaw surpassed Berlin, Frankfurt am Main, Madrid and Barcelona – each of which are more mature and better established office markets – in terms of the amount of occupier activity registered. Krakow also outstripped Lisbon in that respect.
Warsaw Berlin Dublin Prague Frankfurt/M Bratislava Bucharest Krakow Budapest Madrid Wroclaw Barcelona Lodz Tricity Lisbon Katowice Cluj-Napoca Poznan Kosice


























































































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