Wrocław is one of the most rapidly developing business centres in Poland and the third largest office market in the country. The city's office supply at the end of the first half of 2019 was 1.1 million sqm. The attractiveness of the Wrocław market is luring many employees from other cities, and as a result, up to 75% of specialists in Wrocław's business services sector are from outside the city, according to JLL.
“The high quality of life that Wrocław has to offer translates into a high percentage of potential employees who would be ready to relocate here. This is one of the reasons why companies from the business services sector invest so willingly in the city. It is a well known fact that BPO / SSC companies are the main tenant of modern offices in Poland, and Wroclaw is no exception. According to ABSL data, the industry already employs nearly 48,000 people and occupies 49% of existing stock in Wrocław”, explains Katarzyna Krokosińska, Head of JLL Office in Wrocław.
The Wrocław office market shows no sign of slowing down - currently another 170,000 sqm is under construction, illustrating that developers, believing in its potential, are eager to invest in the local market. Excellent results can also be seen on the demand side. During the first six months of this year, over 45,000 sqm was leased in Wrocław.
The vacancy rate in Wrocław at the end of H1 2019 stood at 9.34% with prime headline rents between €13.5-14.8 / sqm / month.
