P O L A N D Office Market
Demand
New Supply in H1 2009 (Selected Buildings)
As in Warsaw, demand in regional cities has decreased.There
City Property Total office space (sqm)
were not many transactions completed and those lease
agreements which were signed tended to be for small amounts
Kraków Business of spaces. IT and Telecom companies leased the most space.
Kraków 29,000
Park 800 & 1000
Although the largest lease agreement was signed in Wrocław,
the local market slowed down significantly. Other notable large
Wrocław Grunwaldzki Center A 14,380
transactions were completed in Tricity. In Gdańsk Allcon signed
Łódź Textorial Park 10,260
new agreements with its current tenants: Intel Technology
Poland (over 4,000 sqm) and Young Digital Planet (2,000 sqm)
Bydgoszcz Danhouse 7,200 who extended their lease agreements in Allcon@park. The
second of the tenants also signed a pre-lease agreement for lease
Lublin Batory 2,930
of 3,000 sqm in Allcon@park 3, which will be delivered in 2011.
Meanwhile in Poznań the largest deal was signed by the local
In Poznań and Szczecin no new office projects were completed.
court, which leased around 2,000 sqm in an office building on
In the case of Poznań however the situation will change in
Szyperska Street which is currently under construction.
the second half of the year, when Wechta Office Center and
two buildings within Malta Office Park will be completed.
Tricity will also see a similar increase in supply in the coming
Vacant space
months. New supply will consist mainly of further buildings in The vacancy rate has increased in almost all the regional markets
office parks – in Łużycka Office Park in Gdynia and Arkońska in comparison with the first half of 2008, but in the majority of
Business Park in Gdańsk. the cities it is still at quite a low level. The exceptions are Łódź
and Wrocław. The highest vacancy rate was recorded in Łódź –
The largest share in new supply was in
over 26%. This is as a result of a large volume of new supply.
Kraków. It seems that 2009 will be a record
However, it is important to remember that Łódź is still one of
the smallest office markets and available space in terms of sqm
year for the Kraków market – at least in terms is similar to the amount of available space in Wrocław, where
of new supply.
the vacancy rate is 12.5%. As there is little in terms of new
supply planned for the second half of the year we can expect the
vacancy rate in these cities to remain at a similar level.
By the end of the year around 170,000 sqm of new office supply
is planned in the regional cities. A considerable part of this space However, in Kraków, where slightly over 65,000 sqm of new
will appear in Kraków, where eight projects will be completed in office space is planned to be delivered in the second half of the
the city, among them Kazimierz Office Centre (14,700 sqm) and year, we can expect the vacancy rate to increase. Half of the
Diamante Plaza (10,000 sqm). planned space is still unleased.
Selected Lease Transactions in Regional Markets in H1 2009
City Tenant Building Space (sqm) Agreement
Wrocław Nokia Siemens Networks Bema Plaza 6,590 new
Tricity Young Digital Poland Allcon Park 2,000 + 3,000 renegotiation + pre-lease
Tricity Intel Technology Poland Allcon Park 4,000 renegotiation + expansion
Szczecin BL Stream Maris 1,880 renegotiation + expansion
Poznań Roche Polska Malta Office Park 1,200 new
MID-YEAR 2 0 0 9 COLLIERS INTERNATIONAL 9
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