Kraków’s office stock totals 1.35 million sqm in H1

Kraków’s office stock totals 1.35 million sqm in H1

Published at: 2019-09-04 08:46 | Author: CIJEurope.com
Office stock in Kraków totaled 1.35 million sqm at the end of the second quarter, up more than 16 percent from the previous year, according to Cresa Polska. The average annual growth rate for the last five years hit 16 percent. Nearly 90,000 sqm in 12 projects were delivered to the market in the first six months of the year. The new developments included V.Offices (21,650 sqm, AFI Europe), Mogilska Office (12,500 sqm, Warimpex) and DOT Office F1 (9,800 sqm, Buma). In H1, office take-up hit a record high of almost 135,000 sqm, nearly double the leasing volume posted a year ago. “Kraków is seeing a growing occupier interest in mixed-use office complexes. The more multifunctional an office scheme is, that is if it combines office, retail and hospitality, the stronger demand it will experience,” said Karolina Słysz, advisor in the Office Department at Cresa Poland. “Tenants also expect office buildings to provide coworking spaces and serviced offices to be able to optimize office space to accommodate rapid employment growth or to flexibly plan employee recruitment, for instance, for a specific project delivery.”

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