JLL summarizes Tri-City office market

As much as 37,000 sqm was leased in the Tri-City, with over a dozen deals for more than 1,000 sqm and approximately 132,100 sqm of modern office space under construction in the Tri-City area, according to consultancy JLL.

Since 2008 the amount of office space in the Tri-City has almost tripled (from approx. 230,000 sqm by the end of 2008 to approx. 630,000 sqm by the end of June 2016). This means that the Tri-City is the fourth largest market in Poland in terms of size after Warsaw, Kraków and Wrocław. Gdańsk is the main office center of the metropolitan area offering 450,000 sqm of modern space available in office clusters in the north. Office supply in Gdynia amounts to nearly 147,000 sqm, the majority of which is in the center and southern part of the city (the rapidly developing region of Łużycka). Sopot continues to maintain its tourist character offering 33,000 sqm of office space.

In total, the Tri-City offers 84,900 sqm of available office space across 52 developments, which equates to a vacancy rate of 13.5 percent.

Prime rents currently stand at €12.75-13.5/sqm/ month.

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