Łódź to have 500,000 sqm of office space in 2019

A total of almost 67,000 sqm of new office space is expected be completed in Łódź this year, which will bring the combined modern office stock in the city to more than 500,000 sqm, according to Colliers International data. Two projects – Sepia Office and another buiding in the Zenit Blossom Center complex – have already been delivered in the Łódź market since the beginning of this year.

In the opinion of Colliers International experts, the growing supply of new space will likely delay the start of some of the planned office schemes in Łódź and will lower the share of pre-let agreements in the aggregate office take-up volume. The role of big Polish and international developers, who can afford to build on a speculative basis, is set to grow (at the expense of smaller local developers) in the city, commented Marcin Włodarczyk, the regional director at Colliers International in Łódź.