Published at: 2019-03-20 15:50 | Author: Robert McLean
With single-digit vacancy and only modest new supply, Walter Herz sees higher rents on the way for tenants
Office developers in Warsaw can’t keep up with demand lately. Take-up hit record levels in 2017, but the market managed to break that record once again in 2018 with a total of 850,000 sqm of leasing - 50,000 sqm more than the year before. According to the consultancy Walter Herz, flexible space operators are responsible for a good deal of the growth. Last year, the rapidly growing sector was responsible for 14 percent of leasing activity in the Polish capital.
But despite growing demand, the am...

Similar Stories:

Sagittarius Business House receives BREEAM certificate
Sagittarius Business House, an office building in Sucha Street in Wrocław, has received t  »
RSM Hungary to move its headquarters to Vaci Corridor
The advisory and tax company RSM Hungary will move its headquarters to Balance Hall, CPI G  »
Cluj-Napoca, the first city outside Bucharest that reaches 300,000 sq m GLA of modern offices
Cluj-Napoca is the first city outside Bucharest that reaches a modern speculative office s  »
Mediafax Group moves to One Victoriei Center
Mediafax Group has relocated to the One Victoriei Center office building, located near Vic  »
With demand for modern office space in Athens growing on a daily basis, developers and inv   »
HB Reavis broke into the big leagues by being aggressive on rents, building office space t   »
How would you describe the tenant mix at Mindspace? Co-working is a solution that takes i   »
You’re part of the HB Reavis group, which is an increasingly powerful player in office d   »