Office stock seen exceeding 7.4 million sqm

Poland’s office market could reach 7.4 million sqm at the end of 2014, up from 6.8 million sqm at the end of 2013, according to a recent report by Jones Lang LaSalle.

Warsaw saw 300,000 sqm of new office space delivered to the market in 2013, bringing its total office stock in to 4,113,000 sqm. Another 591,000 sqm is currently under construction.

Outside of Poland’s capital, 280,200 sqm of office space was brought to the market last year. Currently, 493,200 sqm of office space is being developed in Poland’s major cities (excluding Warsaw), with 340,000 sqm scheduled to be completed in 2014.

“New supply in Q4 was evenly distributed among Wrocław (Aquarius Business House phase II and Millenium Tower IV); Kraków (Bonarka 4 Business building D and Nautilius); Tri-City (Alchemia phase I) and Lublin (Nord Office Park B&C and JPBC Business Center). Another major new addition to the market was Euro-Centrum VIII in Katowice,” the report reads.

The eastern city of Lublin now has over 100,000 sqm of modern office stock.

Pin It