Wrocław modern office stock to exceed 800,000 sqm in 2016 - JLL
11:45
Over 180,000 sqm of modern office space is under construction in Wrocław with high developer activity being accompanied by strong demand, according to advisory firm JLL, which has summarized the situation on Wrocław's office market for H1 2016.
Office demand in Wrocław surged to the level of 127,600 sqm in 2015 and grabbed the headlines on the back of several high-profile deals that included UBS, the global financial brand, entering the city. The sound performance continued in H1 2016, when total take-up was 52,500 sqm (approximately 20 percent of Poland's regional market demand).
H1 2016 was also quite busy in Wrocław on the supply side of the market with five developments delivering more than 48,300 sqm. The largest openings included: Pegaz (18,500 sqm), Kaufland HQ (owner-occupier, 16,000 sqm) and Nicolas Business Center (9,300 sqm).
Wrocław currently offers a number of leasing options, including both smaller (300 – 700 sqm) as well as large modules of 1,000 sqm and more. At the end of H1 2016, the vacancy rate edged up to 10.1 percent.
Prime headline rents in Wrocław currently range between €14 and €14.5/sqm/month, while average rents vary from €12 to €13 /sqm/ month.
