Business Immo, the real estate website
Market in Minutes

Tricity office market

Published on

A research produced by

Tricity office market

The total stock of modern offices in Tricity reached 426,000 sq m at the end of 2013, of which ca. 65% is located in Gdansk.

2013 is a record year in terms of new office supply in Tricity. With ca. 88,600 sq m of offices delivered throughout the year, Tricity was the fastest growing office market among

Polish regional cities.

Development activity remains high and we expect a further 55,000 sq m to be completed in 2014 and ca. 64,000 sq m in 2015.

Following a period of increased supply, the average vacancy at the end of 2013 was 11.4%, reflecting a growth by 170 bps year on year.

Letting activity in 2013 was 43,400 sq m, ca. 28% lower compared to 2012 which was a record period in Tricity in terms of take-up with 60,100 sq m let.

Prime office rents are at €12.00- 14.00 per sq m/month and may decrease slightly in the short-term due to a relatively high level of new supply.

Source : Savills

This research is available only to BI or BIE subscribers

Please log in, or contact us to find out how to subscribe