fbpx
Office growth in Poland

Strength To Strength In Poland

28.08.19

JLL is upbeat on Warsaw office yields and rental growth, driven by record level investment volumes and net absorption.

Poland is the largest office market within the CEE region with Warsaw the key hub. The market is spread to seven key cities, a similar market structure as in Germany. Warsaw makes up for about half of office space (5.5m sqm), followed by Krakow (12%) and Wroclaw (10%).

The vacancy rates for the top three cities are falling but currently they are still in the 8.5-10.1% range. High construction activity has slowed the falling vacancy rates and the amount of total office stock is expected to increase by around 5% per year for the next three years.

Prime rents are now €24sqm/month in Warsaw and €15 in Krakow and Wroclaw. JLL expects increasing headline rents on strong tenant demand.

Office investment markets in Poland have been strong in recent years with record volumes (€3.5bn expected this year, €2.7bn in 2018, €1.5bn in 2017), dominated by international investment and prime yields of 4.75% in Warsaw and around 6.0% in Krakow and Wroclaw.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • The Hideaways Club
  • Monaco Real Estates
  • RDO
  • Rosemont Consulting
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Cyan International Properties
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Lida Cucina
  • Pedini London
  • Alexander James
  • Wings
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Smart Currency Exchange
  • Strutt and Parker
  • Prestige Architects
  • Worldwide Property
  • Panorama
  • Dimora
  • Dominic McKenzie Architects
  • The Coastal House
  • Chamonix Ski Chalet
  • Luxe Caribbean Properties
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • London Fractions
  • QTD
  • Page Architects
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • b-williams-management
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Experience Invest
  • Move 2 Gozo
  • Deborah Garth
  • Extex
  • You home
  • Ra Shaw Designs
  • Caudwell Collection
  • eastwood private client
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo
  • ns-ceramics-logo
  • Rusk
  • Consilium Expert Group
  • Ben Krupinski Builder

Enter your dream destination