23:15 22 July 2021
PINK publishes data on Warsaw’s office market in Q2
The Polish Chamber of Commercial Properties (PINK) published aggregated data on the Warsaw office rental market in the second quarter of 2021. The source of the data are consulting companies operating on the commercial real estate market (BNP Paribas Real Estate, CBRE, Colliers, Cresa, Cushman & Wakefield, JLL, Knight Frank, Savills), and the information concerns the resources of modern office space, new projects completed, the size of the lease transactions and the amount of vacant space.
At the end of June 2021, the stock of modern office space in Warsaw amounted to less than 6,100,000 sqm. In the second quarter of 2021, almost 60,000 sqm of modern office space was delivered to the capital's market.
At the end of the second quarter of this year, in Warsaw, the vacancy rate reached 12.5 percent. The demand for modern office space reached 140,000 sqm. In the period from April to the end of June 2021, renegotiations had the highest share in the demand structure – 48 percent.
The largest transaction in Q2 2021 was the renegotiation of a lease agreement for almost 21,000 sqm by a confidential tenant in the Senator building.
(WBJ)
