Since the beginning of 2022, over 223.1 thousand sq m has been delivered to the Warsaw market. sqm office space in ten projects. The center of Warsaw enjoyed the greatest interest of tenants, especially the Central Business Area, as well as Mokotów. It was in these parts of the capital that 99.1 thousand sq m was commissioned in the third quarter of this year. sqm of new office space as part of the Varso Tower, P180 and Poleczki 32 projects. We are observing a continuation of the trend from previous months. Tenants unlock their decisions regarding investments in modern office space. Their activity this year is even 50% higher than in the previous two years. Workplace expectations have changed in the pandemic. The importance of a good location and space for comfortable joint work has increased. This situation causes pressure to increase rents,

From the beginning of 2022, over 223.1 thousand. sqm modern office space, including 99.1 thousand. sqm in the third quarter of this year. As a result, at the end of September 2022, the resources of such space in Warsaw amounted to over 6.3 million sq m.

In the first three quarters of 2022, the demand for modern office space exceeded 608,000. sq m, including 128.7 thousand. sq m was in the third quarter. In the period from July to the end of September, new contracts, which covered 48%, and renegotiations, which accounted for 45%, had the highest share in the demand structure. Expansions are 5 percent. registered demand, and as CBRE experts indicate, their share is growing rapidly and in the entire 2022 it may reach even 10%. entire tenant activity.

Despite almost 100 thousand. sqm of new office space delivered to the market in the last three months, at the end of the third quarter of this year. in Warsaw, the vacancy rate reached 12.1 percent. This means an increase by 0.2 pp. compared to the previous quarter and a decrease of 0.3 pp. for the same period in 2021. The availability of office space was 770.2 thousand. sqm
In central zones, the vacancy rate fell to 11.1%, while outside the city center it reached 13%.