Mokotów to face big changes and rent increases
19:44
Changes in Służewiec Przemysłowy gained momentum. The residential and hotel investments arising there break the office monoculture of the district, and new transport solutions should help to reduce traffic jams. The natural consequence of the growing attractiveness of Mokotów will be an increase in effective rents for offices, which Cresa Polska analysts expect in the next several months.
One of the most visible symptoms of an improvement in the situation in Służewiec is the decrease in vacant office space.
“Not counting the oldest buildings, which have ceased to be attractive for the commercial market some time ago, the level of vacancies in this region in the fourth quarter of 2019 fell to 16.6 percent. (taking into account the same categories - at the end of 2018 it was 18.8% of vacancy rates). In total, in the fourth quarter of last year, there was over 1,100,000 sqm of modern office space located in 81 buildings in Służewiec,” Łukasz Dreger, Senior Associate at the Office Tenants Representation Department at Cresa Polska, commented.
