Poland may reach 24 mln sqm office space in 2028 - Savills

There are already 10 million sqm of modern office space in Poland,  Savills consulting company said. By 2028, total office resources may expand to up to 24 million sqm, according to the real estate advisory. "If we maintain today's dynamics within the next 10 years, our office market in Poland should exceed 24 million sqm, which is still not much more than the current amount of space in Munich alone, which is the largest office market in Germany," said the managing director of Savills in Poland, Tomasz Buras. According to the report, Warsaw ranked 4th among major European cities, with demand at the level of 0.82 million sqm of rented office space in 2017. This means that tenants' activity is higher in Poland than in developed markets in Frankfurt, Oslo or Madrid. In the last decade, 2016 was record-breaking, when 893,600 sqm of new space arrived in Poland.