Cushman & Wakefield summarizes 2019 in Katowice market
19:55
According to Cushman & Wakefield, as much as 10,000 sqm of office space was commissioned in Katowice in 2019. Gross demand was 82,300 sqm, which is an increase of 115 percent compared to 2018. At the same time, the vacancy rate fell by 3.2 percentage points and is now 5.6 percent.
Katowice is the sixth-largest office market in Poland with a total area of 528 400 sqm. In the last twelve months, the Katowice market has grown by nearly 10,000 sqm in three office projects.
Currently over 210,000 sqm of modern office space is already under construction in 13 projects. The largest investments planned for delivery include the Face 2 Face office complex (Echo Investment) with a total area of 46,800 sqm, the second phase of the .KTW project (TDJ Estate, 39,900 sqm) and GlobalOffice Park (Cavatina), which will deliver over 59,000 sqm of space.
“The motivation of developers to invest in Katowice is very different, but of course the common factor for all is the population of the entire metropolis. Apart from the Warsaw metropolis, there is no other such well-connected area in Poland in which over 2.3 million people live and work,” Tomasz Dyba, negotiator at Cushman & Wakefield, said.
(WBJ)
