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Warsaw office market

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Warsaw office market

Total modern office stock in Warsaw exceeded 4 million sq m in Q2 2013.

Nine office buildings of 152,500 sq m completed in H1 2013.

Another 13 buildings totalling 154,400 sq m are expected to be completed by the end of the year.

Over 569,000 sq m of office space is under construction across the city.

West and South East zone are gaining popularity amongst tenants as development activity increases in those areas.

Vacancy rate increased by 310 bps to 10.5% year on year across Warsaw.

Approx. 333,900 sq m of total volume of letting activity was achieved in the first half of 2013 compared to 298,000 sq m in H1 2012.

Prime headline rents in the City Centre are at €22.00–23.00 per sq m/month and in Mokotów at €14.00-14.75 per sq m/month, ca. 5% lower than a year ago.

Source : Savills

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