Growing tenant interest in Lublin office space – C&W

More than 14,000 sqm of office space was last year leased in Lublin in south-eastern Poland, according to Cushman & Wakefield data. The figure marks an over 60 percent increase on the lease volume seen in 2017 and represents the best result to have been recorded ever since the company started to monitor that regional market. At the end of 2018, the Lublin market offered more than 194,000 sqm of modern office space, of which 25,400 sqm (in three buildings) was delivered last year. The vacancy rate stood at 15.4 percent and was the highest among the largest office markets in Poland. However, it is expected to see compression in the coming months as just 2,600 sqm of new office area is to be completed in the city this year.

(Warsaw Business Journal)