PINK publishes fresh data on the office space market

In the fourth quarter of 2023, the stock of modern office space in eight major regional markets in Poland increased by 0.7 percent to 6,675,300 sqm. The largest office markets remained Kraków (1,807,300 sqm), Wrocław (1,354,000 sqm), and the Tri-City (1,050,100 sqm).

New buildings with a total area of 44,700 sqm were put into use. Among the largest projects completed were Mogilska 35 Office (Warimpex, 11,900 sqm) and The Park Kraków II (White Star Real Estate, 11,700 sqm) in Kraków, and the new headquarters of Tetos (Tetos, 10,800 sqm) in Poznań.

At the end of December 2023, approximately 1,168,400 sqm of office space was available for immediate rent in eight major regional markets, corresponding to a vacancy rate of 17.5 percent. It's an increase of 0.2 percentage points (pp) q/q and 2.2 pp compared to the same period in 2022. The highest vacancy rate was recorded in Katowice at 21.5 percent, while the lowest was in Szczecin at 4.8 percent.

(WBJ)