Warsaw with lowest office vacancy rate since 2012

The vacancy rate in Warsaw’s office property market stood at 8.7% (translating into approximately 473,400 sqm of available space) at the end of last year, which was the lowest level recorded since the third quarter of 2012 (8.1%), according to Colliers International data. A total of more than 856,600 sqm of office area was leased in the Polish capital in 2018, 4.4% more than in the previous year. Almost 230,800 sqm was taken up in the city in the final quarter of last year alone.