IT leads the way on the office leasing market in Krakow
Krakow’s total office stock amounts to nearly 1.35 million sq m. According to reports from developers, more than 110,000 sq m is expected to be completed by the end of 2019, pushing this year’s new supply up to a record high of 200,000 sq m. “The current situation on the Krakow office market continues to support demand, particularly in terms of a wide choice of office locations. Krakow is attracting strong interest from both new investors including coworking & serviced offices providers and established tenants, as evidenced by the growing volume of new leases and renegotiations. New supply in the city centre accounts for a substantial share of Krakow’s office stock and is being targeted by a high number of firms. Rents hold firm at approximately EUR 13.50/sqm/month, but headline rents in central locations are generally EUR 1.00–2.00/sqm/month higher,” says Dariusz Madej, Senior Negotiator, Office Agency, Cushman & Wakefield.
