Number of free small offices increasing
21:54
Since the end of March, as many as 459 free office modules have appeared on the market. Their average size in Warsaw decreased to 492 sqm. This is a sharp drop in the average free office space in recent weeks.
While the available space has remained at a similar level from 2.39 million sqm since the beginning of May, we have been observing the growing balance of vacant office modules for seven weeks.
"Confirmation of such data may point to the hypothesis of an above-average release of space by small and medium-sized companies as a result of the crisis caused by the SARS-CoV-2 pandemic. We have alarmed about this in connection with the rapid, more than 7% decrease in the average free office space in recent weeks," Piotr Smagała, managing director of REDD, said.
Such trends are also confirmed by data from Warsaw. Since the end of March, over 160 office modules for rent have appeared in the offers of the capital market from the end of March, while the area of statistics are moving within the small limits of 1-1.02 million sqm.
“The disproportion in balance sheets can be explained by large transactions on the market that absorb the redundancies of many small spaces,” Smagała emphasized.
(WBJ)
