Behind Katowice were the Tri-City, Kraków, Łódź and Wrocław - in each of the above-mentioned cities, the amount of office space commissioned for use in the first half of the year amounted to 40 thousand. up to 50 thousand sqm New supply in regional cities in the analyzed period was twice as high as the average for the last two years, which is the result of postponing the implementation of many projects, the completion of which was planned for 2020 or 2021.
The largest projects in Poland
In addition to large projects located in Warsaw, such as Forest Tower (51,500 sq m), Skysawa II (22,800 sq m) and Lixa C (19,400 sq m), Katowice's facilities should also be noted - KTW II (39,000 sq m) and Globl Office Park A1 and A2 (27,300 sq m and 29,900 sq m), Midpoint7 in Wrocław (36,200 sq m) and Format in Gdańsk ( 16 thousand sq m).
Recently, the market has seen a significant decrease in the total area of investments, especially in Warsaw, where currently only about 235,000 sq m is under construction. sqm (for comparison: at the beginning of 2020 it was nearly 750,000 sq m). In regional cities, there are 485,000 jobs under construction. sq m, which is a decrease from the pre-pandemic level of 850 thousand. sqm This is due to a decrease in the number of construction starts as a result of the pandemic, as well as an increase in construction and surface finishing costs and the uncertainty caused by the war in Ukraine - comments Katarzyna Lipka, head of Consulting & Research, Cushman & Wakefield.
Projected supply gap
According to Cushman & Wakefield, the capital is planning to complete 105,000 sq m by the end of the year. sqm of office space, as a result of which the total supply in 2022 will amount to less than 230,000 sq m, which means a decrease by 12% compared to the average for the last five years.
Due to the low activity of developers, we will observe a significant supply gap in the market in 2023-2025. In regional cities, the total supply in 2022 may reach 460,000. sq m, which means an 8% increase compared to the average for the last 5 years, but starting from 2023 it will also start to decline - forecasts Jan Szulborski, senior consultant, Consulting & Research, Cushman & Wakefield.
