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Warsaw offices

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A research produced by

Warsaw’s office stock exceeded 4.2 million sq m at the end of March 2014.

Ten office buildings of 84,300 sq m were delivered to the market during the first three months of the year.

Over 0.5 million sq m of office space remains vacant.

Vacancy rate of 12.2% is the highest rate recorded in the city in the last ten years.

Approximately 627,000 sq m of office space is under construction Warsaw wide.

Almost 80% of the constructed space is still vacant.

Prime rents stabilised at €22.00 – 23.00 per sq m/month in the Core City Centre and at €14.50 - €15.00 per sq m/month in Mokotow, but the level of rents is expected to be pushed downwards as vacancy increases across Warsaw.

Source : Savills

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