Office space to exceed 5.1 mlm sqm in Warsaw – record high

Warsaw in H1 has seen a rise in office space of 350,000 sqm, with 104,000 sqm more to come, which makes it the highest yearly supply rise ever, according to a report by consultancy CBRE. Most of the amount was accounted for in 16 modern offices in the city center, especially at the Daszyński roundabout, which became a popular location thanks to its proximity to the metro line. Supply there is expected to double in the coming years. CBRE's analysis shows that the capital maintains a strong position as a  stable developing market –  a 17 percent increase of available space y/y. The rising supply has also lowered rent rates to 18-23 €/sqm/month in the city center.