Warsaw office market sees a 12% y/y fall in vacancy rate

Last year, over 800,000 sqm of office space was leased in Warsaw, where 23 schemes were delivered, CBRE reported. Experts at CBRE underlined that 2015 was a "great" year for the office market. Investors' activity grew by 36 percent on a yearly basis, consequently vacancy rates fell by 12 percent y/y. The most active sectors were IT and high-tech (19 percent of the total leased space) as well as finance (18 percent) , the report pointed out. In upcoming months, 30 new investment projects are to be completed. CBRE claimed that this year will be "challenging" for the market, as the competition continue to grow.