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Warsaw offices

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Warsaw’s office stock exceeded 4.3 million sq m in 440 office buildings at the end of June 2014.

17 office buildings of 190,300 sq m were delivered to the market during the first half of the year.

Over 0.57 million sq m of office space was vacant at the end of June 2014.

Vacancy rate reached 13.4%, the highest rate recorded in the city in the last ten years.

Over 602,000 sq m of office space in 41 projects is under construction across Warsaw. 45% of under construction space is located in the City Centre and another 23% in Mokotow (Upper South Zone).

Prime headline rents in the City Centre stabilised at ca. €22.00 per sq m/month whereas in the area of Mokotow stand at €14.50 - €15.00 per sq m/month. Increase in vacancy rate across the city to 15% by 2015 year-end will result in rents reductions.

Source : Savills

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