Prosperity on the office market in Lesser Poland’s capital continues, as is evident from the number of new schemes delivered to the market and those under construction and in the pipeline as well as the volume of transactions completed. Experts at BNP Paribas Real Estate Poland highlight that the market dynamics are not to any significant degree affecting rents or the vacancy rate which remain at a stable level.
The high demand for office space in Kraków means quick absorption of newly developed offices by the market. The foundation on which the optimistic outlook for the growth of the sector is based is the business support services industry that has for so many years now been doing exceedingly well near Wawel. And indeed, it is companies from this particular industry that generate the greatest demand for modern office space.
Małgorzata Fibakiewicz, Head of Office Agency, BNP Paribas Real Estate Poland
Maintaining the strong momentum as regards growth of the shared services sector in Lesser Poland’s capital is and will be inextricably linked to availability of qualified workforce. People are the greatest value for the industry. Which is also an extremely important factor – in combination with the still attractive cost of labour – that is taken into account when taking the decision on new investments and upgrading existing projects in the sector
Tomasz Skrzypek, Senior Consultant, Office Agency, BNP Paribas Real Estate Poland
Head of Marketing & PR, Central & Eastern Europe at BNP Paribas Real Estate Poland