Number of office pre-lease agreements in Warsaw on the rise – C&W

The office property market in Warsaw is now defined by a supply gap, which is expected to continue till 2020 when several large-scale projects totaling 430,000 sqm are scheduled to be completed, according to the latest MarketBeat report by Cushman & Wakefield. As a result, tenants in the Polish capital are increasingly often signing pre-lease agreements to secure offices in the most attractive locations, the study said. Lease agreements for space in under-construction office buildings accounted for 22% of all lease deals signed in the Polish capital in H1 2018. Approximately 12% of all the space available in under-construction office buildings in Warsaw has already been pre-leased. When it comes to buildings scheduled to be completed in the second half of this year, the figure stands at 27%, while in the case of buildings scheduled to be completed in 2019 and 2020 it stands at 10% and 11% respectively, according to Cushman & Wakefield data.

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