PORF releases data on regional cities

Polish Office Research Forum has published its figures for H1 2016 for office market in eight major regional cities in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates. At the end of H1 2016 total modern office stock in eight regional cities amounted to 3.665 mln sqm. The largest regional office markets are Kraków (almost 832,900 sqm), Wrocław (757,100 sqm) and the Tri-City (629,300 sqm). In H1 2016, more than 219 500 sqm of office space was completed. The majority – 66,500 sqm - was completed in Kraków and in the Tri-City (52,700 sqm). In eight major regional markets almost 395,700 sqm remained vacant. The highest vacancy rate was noted in Szczecin – 17.7 percent, the lowest in Kraków – 6 percent. Gross take-up in H1 2016 amounted to approximately 268,100 m². The strongest leasing activity occurred in Kraków (110,100 sqm leased).