Office stock at 3.55 mln sqm in 8 regional cities

Total office stock in eight major regional cities: Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin and Lublin increased by 110,000 sqm, according to a report by the Polish Office Research Forum. In Q1 2016, the combined modern office stock in the eight cities amounted to 3.55 mln sqm. In the eight major markets approx. 378,000 sqm remained vacant, with the highest rate being in Szczecin (18.3 percent) and the lowest in Kraków (5.7 percent). Gross take-up in Q1 amounted to approx. 108,000 sqm, with the strongest leasing activity occurring in Kraków (39,400 sqm). The largest transactions concluded in Q1 include a renewal of 10,800 sqm by Credit Suisse in Grunwaldzki Center in Wrocław, a pre-lease of 10,700 sqm by Aon in Enterprise Park in Kraków, as well as the pre-lease of 7,400 sqm by Rockwell Automation in A4 Business Park in Katowice.