More than 5 mln sqm office area by end of 2018 - CBRE

Office area in the cities may exceed 5 million sqm by the end of 2018 versus 4.6 million sqm at the end of H1, CBRE reported. The office area can grow by 12 percent y/y in 2018, it stated. Dynamic development of the regional office market is expected at least until the end of 2020.  In the next three years, about 1 million sqm will be available for use. In H1 Warsaw had 173,500 sqm of the new office space, and in the regions 256,000 sqm were build. During the entire 2018 CBRE expects office area in Warsaw to expand by 270,400 sqm and in the regions by 357,100 sqm.