More than 1 mln sqm of office space in Katowice by 2023

Excellent location, access to qualified staff and  large supply of modern office space attract many foreign companies to Katowice - according to the latest report by Colliers International, prepared in cooperation with the Katowice City Hall entitled ‘The future starts here... Katowice’. The warehouse market in this region is also very active on the part of tenants and developers.

“In accordance with our development strategy, we are taking steps to make Katowice: intelligent, i.e. making full use of the inhabitants' knowledge potential; innovative through the creation and implementation of technological, cultural and social innovations; integrated, i.e. with a high level of internal social, economic and territorial cohesion, and international - with high accessibility and recognition. In order to achieve these values, we cooperate with residents, investors and other partners, who want to help us to transform Katowice into a unique and attractive place to invest, work, live or simply spend free time,” Marcin Krupa, PhD., Mayor of Katowice, said.

At the end of H1 2020, the volume of lease transactions on the Katowice market amounted to 26,500 sqm, only 11 percent less than in the same period last year, despite the significant economic slowdown caused by the Covid-19 pandemic. Importantly, new contracts accounted for the largest share of total demand (64 percent), expansions accounted for 21 percent and renegotiations for 15 percent. Pre-let agreements in projects under construction or planned accounted for almost 60 percent of total demand, which indicates high interest of tenants in new projects.

“The high interest on the part of tenants is also confirmed by the number of lease transactions conducted by our company. By the end of September, Colliers participated in eight transactions for a total of 6,308 sqm. This is a better result than in the same period last year. It is also an important signal, that more and more companies see the potential of Katowice and the region, deciding to locate their business here or develop it through expansion," Barbara Pryszcz, Regional Director of Colliers International in Katowice, said.

(WBJ)