Approximately 406,000 sqm of office space was leased in Warsaw in the first half of this year, according to JLL data. The demand was mainly driven by companies from the BFSI (banking, financial services and insurance) sector with the biggest transactions having been signed by such tenants as Getin Bank (18,500 sqm in The Warsaw Hub), Warta (17,600 sqm in the Warsaw Unit), Axa (12,900 sqm in Warsaw Trade Tower) and Bank Gospodarstwa Krajowego (12,400 sqm in Varso Place). The most office space was leased in the center of the Polish capital and in the Mokotów district. The vacancy rate decreased to 8.5% at the end of H1 (the lowest level since 2012) and is expected to see further compression in the near future.

(Warsaw Business Journal)

warsaw office property market

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