19:48 27 January 2020
Most difficult office time in Warsaw in 6 years: CBRE
Back in 2019, over 162,000 sqm of office space was commissioned in the capital, as much as 30% less than in 2018 ( in total 233,000 sqm). Interest in offices in Warsaw is not though decreasing. the availability of vacant premises in the capital dropped from 8.7% to 7.8% y/y.
“The availability of offices in the capital, especially in the most popular area – in the center, has been falling for several years, although new investments are constantly emerging. This is due to many factors, among which, of course, is the intensive economic growth, new investments or new companies that need headquarters. Another important factor is the employee market, provoking competition between tenants for the best, modern and well-connected office. Therefore, many entities that have occupied the same location for years have recently been looking for something new. In the coming months, many important investments will be completed and, as a result, in 2020 there will be more than twice as much office space as last year, which will increase the available space,” Mikołaj Sznajder, Director of the CBRE Office Space Department, claimed.
(WBJ)
