Vacancy rate at 13.3% in Warsaw

Vacancy rate in Warsaw reached 13.3 percent at the end of Q4, a decrease by 0.5 percentage points in relation to Q3. Growing demand and low supply were the main reasons behind the decline, according to a Property Times report published by DTZ. In annual terms, vacancy rate rose by 1.6 pp, from 11.7 percent at the end of 2013. The biggest difference was registered in the city center, where unleased office space increased by 4.6 pp, from 10.6 percent to 15.2 percent. The highest vacancy rate is seen in the northern part of the city (21.1 percent). In the city center and in the south-western part the rate also exceeded the average.