Advisory firm JLL summarizes H1 2017 on Wrocław's office market.
“After Kraków, Wrocław is the second largest regional market in Poland as well as the third largest market nationwide. In the first six months of 2017, demand for office space in the capital city of Lower Silesia region was nearly 92,000 m². Such favorable results are a consequence of the high level of activity among tenants from the business services sector. In H1 2017, they accounted for 60% of demand for office space in Wrocław. According to ABSL, the city is listed amongst the three largest locations in Poland for investors from business services sector. The 140 centres in Wrocław already employ 40,000 specialists – nearly 17% more than at the beginning of 2016. The city is also proving to be highly popular among new investors. This is illustrated by the market debuts of companies such as Epiq Systems, Mahle or TigerSpike”, comments Katarzyna Krokosińska, Associate Director, Head of Wrocław Office, JLL.
Demand In H1 2017, the Wrocław office market recorded office demand totalling nearly 92,000 m². The city’s strong position is confirmed by large lease transactions that were concluded in the first six months of 2017. The two biggest deals were signed in the Business Garden complex, in both its completed sections and those still under construction. Companies that selected Business Garden are Credit Agricole (15,500 m²) and Capgemini (13,100 m²). The third biggest transaction was the pre-lease agreement signed by EY for 10,500 m² in the Sagittarius office building.
“The great interest for office space in Wrocław stems from access to excellent human resources in the city, good co-operation between investors, city officials and the academic centres as well as a sufficient supply of modern office space”, adds Katarzyna Krokosińska.