Wrocław among top three office markets in Poland

 “According ABSL, Wrocław is the third largest location in terms of number and employment in business services centres in Poland. Global brands such as BNY Mellon, Capgemini, Credit Suisse, EY, Google, HP, IBM, McKinsey, Nokia Networks, or UBS have established their offices in Wrocław. This dynamically developing sector has for a number of years been the major office tenant in the city. Companies from the business services sector accounted for 57% of the demand for office space recorded last year”, comments Katarzyna Krokosińska, Head of Wrocław 

 

The high level of interest seen among tenants in 2016 has continued into 2017. This is confirmed by office lease agreements recently concluded by Capgemini (+13,000 sqm in Business Garden) or EY GDS Poland (10 500 sqm in Sagittarius Business House).

 

With office stock totaling 847,800 sqm, Wrocław is, after Kraków (915,800 sqm), the second largest office market outside Warsaw, and the third largest market nationwide. 141,500 sqm of office space was delivered to the city's market in 2016 including the first phase of Business Garden (36,600 sqm), Pegaz (18,500 sqm), Kaufland HQ (owner occupier; 16,000 sqm) and Nobilis Business House (14,900 sqm). In addition, a further 147,000 sqm remains under development.

“In the last 15 years Wrocław has undergone a spectacular metamorphosis. The city’s strong economy supported by the local government together with access to qualified employees and investments in infrastructure has enhanced Wrocław’s image as one of the most interesting locations for business in Poland. The area adjacent to Wrocław Główny railway station, where Sagittarius Business House and Wroclavia are being developed along with the recently completed Komandorska 12, is fast becoming a new business hub in the city”, concludes Katarzyna Krokosińska.

 

In 2016, the vacancy rate was 12.5%. The highest prime monthly rents per sqm in Wrocław range between €14 and €14.5.