Kraków has the most office space among Polish regional cities and does not intend to give up its leadership position. Since the beginning of the year alone, 107,000 sqm of modern workspace has come to the city, according to CBRE data. In total, it is already over 1.5 million sqm. The tenants are dominated by companies from the IT and new technologies sectors, as well as industrial production and energy.
“The Kraków office market has been growing dynamically for several years, ahead of other Polish cities in terms of available space. Every year a lot of new buildings are built and commissioned. The greatest activity is visible in the city center, especially in the corridor from the Main Railway Station, through Rondo Mogilskie to Rondo Grzegórzeckie, and on the section of Aleja Pokoju and ul. Mogilska to Fabryczna. In addition, a lot is being built, among others in the south of Krakow, where the largest single office building, Tischner Office, is located, with an area of ​​34,000 sqm The coronavirus epidemic is not without impact on the market, however. In recent months, there has been an increase in empty offices by nearly 3 percent y/y. The increasingly popular phenomenon of subletting office space is also important since the beginning of the year about 3,700 sqm of office space has been sublet,” Rafał Oprocha, head of the Krakow CBRE team, said.
The office market in Krakow is currently 1.52 million sqm of space. Despite the epidemic, the number of new facilities for work is growing steadily. In the first three quarters of 2020, 107,000 sqm was put into use, and by the end of the year, space is to be increased by another 34,000 sqm. Everything indicates that the capital of Małopolska will easily maintain the first place in terms of the number of office buildings among Polish cities outside the capital. A total of 153,000 sqm of space are under construction, about 1/4 of which is already leased.
(WBJ)