Cresa Poland: Demand outstrips supply on the Warsaw office market

1-03-2018

Last year’s office take-up hit more than triple the new supply in Warsaw, says “Occupier Economics: Office Market in Warsaw in 2017”, a report produced by global tenant-only real estate advisory firm Cresa.

At year-end 2017, Warsaw’s total office stock stood at 5.28 million sqm. Last year’s supply totalled 275,400 sqm. There is currently more than 750,000 sqm of office space under construction. Take-up hit 832,000 sqm in 2017, up by 10% on 2016.

According to Cresa’s analysts, Warsaw will see lower supply levels in the next two years to be followed by a record-breaking volume of new office space forecasted for 2020.

Download the report (PDF)

 

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