Investment on commercial real estate moves away from Warsaw

For the first time investors have begun allocating  more money in regions other than Warsaw. Primarily, investment in office immobilities has shifted from the capital to more rural cities, especially Kraków. Approximately 145,000 sqm of office area was built in the first half of 2015 in Warsaw, whereas in the biggest rural cities this amount equalled 155,000 sqm. Moreover, the number of office area rental agreements was higher on rural markets. Due to the high demand it is estimated that another 400,000 sqm will be rented by the end of the year. Although Kraków is the leading city in this matter, Lublin and Szczecin are growing and developing very fast. According to Cushman & Wakefield, in the first half of 2015  21 sales transactions were realized at a total value of EUR 794 million. As much as 47 percent of investments regarded the office sector, 34 percent the business sector and 19 percent in the storage3 sector.