Demand for modern offices on the rise in Poland

Demand for modern offices on the rise in Poland

The Polish office property market is booming, with 1 000 000 sq.m. of new office space under construction nationwide. In Warsaw alone, work to build over 300 000 sq.m. is expected to be completed by the end of the year. The strongest demand is for small offices, which are still in short supply in the largest cities. 

Around 900 000 sq.m. of new office space came onstream last year. Statistics for 2012 show that, in the nine fastest-growing cities in Poland, the office property market is doing well, with demand still at a relatively high level. In the first quarter of this year, 225 000 sq.m. of new space was constructed. The growing demand for offices is accompanied by economic growth, strong exports, a continually high level of consumption in Poland, and expansion of transport infrastructure. 

Andrzej Brochocki, managing partner at the Brochocki law firm, says there is a growing interest in Polish office space among international corporations. 

 

Source: http://www.warsawvoice.pl/WVpage/pages/article.php/25190/article