The Polish Office Research Forum has published its figures for Q1 2016 for the office markets in eight major regional cities in Poland (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin). The market data prepared by a team of analysts includes modern office stock, new completions, take-up volumes and vacancy rates.
- In Q1 2016, total modern office stock in eight regional cities amounted to 3,550,000m2. The largest volume of office space is located in Kraków (approximately 801,000m2), Wrocław (725,000m2) and in Tricity (622,000m2) followed by Katowice (394,000m2), Poznań (389,000m2), Łódź (324,000m2), Szczecin (166,000m2) and Lublin (129,000m2).
- In Q1 2016, over 105,000m2 of office space was completed. The vast majority – 43,200m2 was completed in Tricity (three schemes) and Kraków (34,300m² in four projects). Additionally, office stock in regional markets increased by 16,000m2 within the first three months of 2016 in Wrocław (one scheme), 7,400m2 in Szczecin (one scheme), 2,900m2 in Katowice (one scheme) and 1,300m2 in Poznań (one scheme).
- In eight major regional markets approximately 378,000m2 remained vacant. The highest vacancy rate was noted in Szczecin – 18.3%, the lowest in Kraków – 5.7%. In the remaining cities, the vacancy rate accounted for 7.3% in Wrocław, 7% in Łódź, 9.8% in Lublin, 14% in Tricity, 14.4% in Poznań, and 17.4% in Katowice.
- Gross take-up in Q1 2016 amounted to approximately 108,000 m2. The strongest leasing activity occurred in Kraków (39,400 m2 leased).
- The largest transactions concluded in Q1 2016 include a renewal of 10,800 m² by Credit Suisse in Grunwaldzki Center in Wrocław, a pre-lease of some 10,700 m² by Aon in Enterprise Park in Kraków as well as a pre-lease of 7,400 m2 by Rockwell Automation in A4 Business Park in Katowice.
