The office sector in Poland's capital is characterized by a very high absorption capacity, outperforming the largest metropolitan areas in both Western, and Central and Eastern Europe.
In terms of market absorption against supply, Warsaw, another year in a row, leads the way in Western and Central-Eastern Europe, and is ahead of cities such as Dublin, Barcelona, Amsterdam, Prague and Budapest.
Mateusz Polkowski, Head of Research & Consulting, JLL
At the moment, 40% of space within objects under construction have already attracted tenants, a record for the Warsaw market. In addition, buildings in the construction stage will be delivered gradually in the next three years, with the market having already absorbed much higher volumes of new office space in the past. According to our data, total absorption in 2015-2018 exceeded the market's entire new supply by 100,000 sqm, despite 2016's record delivery performance.
Mateusz Polkowski, Head of Research & Consulting, JLL
Interest among investors in Poland remains very high, with the profiles of companies changing year by year. More and more often, global players from the financial sector are investing in Poland. Undoubtedly, we are entering a new stage of the country's business development. Furthermore, positive trends also illustrate the value of investment transactions not only on the Warsaw office market, but also in regional cities. We estimate that the 2019's investment transaction total will close with a record-breaking number in excess of EUR 3.6 billion.
Tomasz Puch, Head of Office and Industrial Investment, JLL
