Leasing activity in Poland’s regional city office markets remained stable in the April to June period while developers continued to exhibit caution with regard to commencing new projects. With service charges being high, focus is shifting towards office upgrades and workspace optimization. The authors of the latest quarterly report from BNP Paribas Real Estate Poland also note that prime office rents remain high.
OFFICE VACANCIES IN ŁÓDŹ
Occupier activity in the regional cities remains stable, but there is a growing trend towards optimizing office footprints. New leases are being signed for smaller offices. The average lease size for the first half of the year was approximately 830 sqm, down from 1,000 sqm last year.
Dorota Mielke, Associate Director, Office Agency, BNP Paribas Real Estate Poland
TIME FOR SAVINGS AND FLEX SPACE
Tricity is emerging as an increasingly important player in the flex-space market, alongside Wrocław and Krakow. Flexible office stock in Gdańsk, Gdynia and Sopot stands at approximately 25,000 sqm, with another 5,000 sqm expected to be added by the end of this year.
Agnieszka Witkowska, Consultant, Landlord Representation, Office Sector, BNP Paribas Real Estate Poland