Report reveals glut of unoccupied offices in prime Warsaw locations

A report prepared by the Warsaw Research Forum, a group of companies specializing in real estate consultancy, has revealed that it is proving more difficult to dispose of office space in prime locations in the center of Warsaw than it is in other, less desirable areas of the city. The report found that 17.7% of office space in central Warsaw remains unoccupied, significantly higher than the 11.7% in locations away from the city center. Of 40,800 square meters of new office space in Warsaw occupied in the first three months of the year, 28,000 square meters was in the city center. According to the report, as of March 31st the total amount of office space in Warsaw stood at 1.4 million square meters. (Puls Biznesu, p.11) A.Z.