SMEs leaving offices: study

Next week there are more free offices. In recent days, this number increased by as much as 20,000 sqm. This means that since the beginning of April, a total of 120,000 sqm of free offices increased, results from REDD data updated 24/7. This is the highest result in recent months. The resources of available office space throughout Poland have been growing systematically since mid-March. However, we have been seeing the largest increase since the beginning of April. At the end of last week, the vacancy rate per area amounted to over 2.36 million sqm.

The Warsaw market stands out against this background, where we have not observed such large upward trends since the beginning of March. The capital vacancy rates in Warsaw have not exceeded 1.01-1.04 million sqm for two months. However, REDD data show a worrying trend on the Warsaw market. As REDD experts indicate, when analyzing the characteristics of office modules that appear on the market, you can see clear trends in Warsaw. The number of small offices available is increasing.
 
From the beginning of April, the average free office space dropped to 506.1 sqm. This is a reduction of the average free office by 5 percent compared to the beginning of April. At the same time, office modules for rent are increasing every day in Warsaw.

“Keeping the trend of a decrease in the average free office space and an increase in the number of available modules, in the long run, may indicate the release of space by small and medium-sized companies that are less resistant to the crisis than tenants of large office space,” Piotr Smagała, managing director of REDD, emphasized.

(WBJ)