A research produced by
At the end of 2013 the office stock in Krakow amounted to ca. 624,000 sqm, which was the highest result among regional cities in Poland.
Only 32,300 sq m of new office space was delivered in 2013.
Development activity is increasing, ca. 123,000 sq m of offices is under construction, of which 86,500 sq m is scheduled for this year.
The average vacancy rate in Krakow is the lowest among major regional cities in Poland and at the end of 2013 was 4.8%.
Demand for office space in Krakow remains strong, the volume of lettings exceeded 90,000 sq m in 2013, of which ca. 40% were pre-lets.
Limited availability of office space in existing buildings resulted in a relatively low net absorption, significantly below its long-term average.
Prime office rents are €14.00-15.00 per sq m/month and may increase in 2014.
Source : Savills
