Real estate
17:56 2 September 2019
Post by: WBJ

Kraków with record office leasing activity in H1 – Cresa

Almost 135,000 sqm of office space was leased in Kraków in the first half of 2019, a volume that is nearly two times bigger than the volume recorded in the same period of last year, according to Cresa data. The biggest transaction signed in H1 2019 involved the lease by Sabre of 16,000 sqm in the Tischnera Office building. Despite tenants remaining very active, the vacancy rate in the city increased to 10% in the first half of this year as developers kept delivering new space. As many as 12 office projects, comprising a total of almost 90,000 sqm, were completed in the Kraków market in H1. This brought the city’s total office stock to 1.35 million sqm.

(Warsaw Business Journal)

office property market

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