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Poznan office market

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Modern office stock in Poznan reached nearly 305,300 sq m at the end of 2013.

New supply was relatively low last year, with ca. 23,200 sq m, almost twice less than in 2012. The largest completion last year was Malta House (14,700 sq m of offices).

There is ca. 58,000 sq m of new offices under construction of which only 12,000 sq m is scheduled for 2014. The largest project under construction is Business Garden Poznan (40,900 sq m) by SwedeCenter to be delivered in early 2015.

The average vacancy rate is high at 14.1%, but is expected to decrease slightly in 2014.

Letting activity in 2013 reached 36,200 sq m, reflecting a 50% growth year-on-year. Net absorption was 20,900 sq m.

Prime office rents are €13.00-14.50per sq m/month and may decrease slightly in the short-term due to relatively high availability of office space.

Source : Savills