Kraków remains leader among regional office markets

Kraków maintained its leadership position among regional office markets in Poland in 2019, according to a report presented by the international consulting company Cushman & Wakefield. The capital of Małopolska currently has 1.42 million sqm of office space.

According to the presented data, as much as 157,800 sqm of office space in 16 buildings. were commissioned in Kraków last year. The largest projects completed were Tischnera Office (32,800 sqm), V. Offices (21,700 sqm) and Fabryczna Office Park B2 (16,500 sqm).

According to analysts, last year’s activity on the rental market in Kraków reached record levels. In 2019, tenants concluded lease agreements with a total area of ​​266,700 sqm, which translates into an increase of 28 percent compared to the record year 2018 and is the largest value since the beginning of statistics on the Kraków office market.

The report indicates that the driving force of the office market in Kraków is the demand of companies from the business services sector (SSC / BPO), mainly in the segment of business and IT processes, as well as research and development. Coworking space operators also play an increasingly important role.

(WBJ)