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Poland : Commercial Market - Q1 2016

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Poland : Commercial Market - Q1 2016

At the beginning of April 2016, the Warsaw office market amounted to 4.7m sq m of total stock. The rentable office stock reached a level of 4.1m sq m and 632,000 sq m was owneroccupied.

In the first three months of 2016, the Warsaw office market expanded with 6 new projects offering a total area of 113,000 sq m. This is an exceptionally high result when compared with the same period from the previous year (57,000 sq m) or last quarter of 2015 (35,000 sq m). The vast majority of new supply was completed in the Central Business District: Atrium 2 (20,200 sq m), Prime Corporate Center (20,100 sq m), the Kró.LEW.ska building (5,400 sq m) and alongside Jerozolimskie Ave.: Eurocentrum Office Complex - Delta (25,000 sq m) and Astrum Business Park (22,600 sq m).

Source : Knight Frank

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