In 2019, as many as 61 office buildings underwent commissioning in the eight main regional markets, averaging nearly 9,000 sqm, which translated into a record high level of new supply. According to the report prepared by experts from BNP Paribas Real Estate Poland, Kraków remains the leader in this respect (159,000 sqm), where as much new office space was delivered in 2019 as in Warsaw. Right behind Kraków, there is Wrocław with a slightly lower result (147,000 sqm).
“The volume of Kraków's office stock is slightly above 1.4 million sqm, making it the largest of the regional markets. Only in the last three years, the supply there has grown by 56%.
In Wrocław, almost half of the total volume of new supply could be attributed to the second phase of the Business Garden Wrocław complex, which is the largest office investment completed in the previous year. The project composed of six buildings with a total area of nearly 77,000 sqm. The scale of the project is evidenced by the number of people who will be able to work on such a large area – up to 10,000. Wrocław is the second-largest regional office market in Poland with the stock exceeding one million square meters. Since the beginning of 2017, the volume of office supply has increased by almost 39%, reaching the level of nearly 1.2 million sqm at the end of 2019,” Tomasz Skrzypek, Senior Consultant, Office Agency, BNP Paribas Real Estate Poland, said
The last year also saw an intensive development of the office market in Poznań. The volume of new supply amounted to 86,000 sqm, which resulted in an increase by 18% over the last year. The coming years will be marked by the intensive development of two other regional markets: Katowice and Tricity.
(WBJ)