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Market in Minutes

Warsow office market

A research produced by

Total office space in Warsaw is 4,071,500 sq m.

Five buildings adding 94,300 sq m were completed in Q3 2013, whereas the total annual new supply in 2013 is expected to reach 320,200 sq m.

Over 672,000 sq m of office space in more than 45 office buildings is under construction in Warsaw.

More development activity is seen in the City Centre with almost 190,000 sq m of office space due in 2015.

The boundaries of City Centre will be pushed west as the area of ul. Towarowa and Rondo Daszynskiego are gaining on popularity amongst developers.
Letting activity in Q3 2013 was 184,600 sq m totalling to 518,500 sq m from January 2013.

Vacancy rate across Warsaw is 10.9% and slightly higher in Non-Central locations at 11.1% than in the City Centre (10.5%).

Prime headline rents in the City Centre are at € 22.00 – 23.00 per sq m/month and in Mokotów at EUR 13.00 – 14.00 per sq m/month.

Source : Savills