Kraków at forefront of regional office markets
21:14
According to the latest data of the consulting company Colliers International, the first quarter of 2020 on the office space market in regional cities, compared to the same quarter last year, ended with a 69 percent higher demand. Total demand for office space in eight regional markets was over 220,000.sqm. The most office space, as many as 62,000 sqm, leased in Kraków. This is about a 10 percent increase compared to the first quarter of 2019.
“The first quarter was record-breaking for us in relation to previous years. In the first months of the year, we represented five clients who rented over 18,600 sqm in total, which contributed to our becoming the leader in the Kraków market in terms of tenant representation,” Anna Galicka-Bieda, partner, regional director of Colliers International in Kraków, said.
Kraków is constantly leading the way among regional cities in terms of the supply of modern office space. At the end of the first quarter of this year the total supply of existing space in this region amounted to almost 1.5 million sqm. In the first three months of this year, facilities with a total area of 79,800 sqm were commissioned on regional markets. The largest of them, building 4 in the High5ive complex, with an area of 23,500 sqm is located in Kraków.
(WBJ)
