2023-11-20-莱坊-Tricity_city_attractiveness_and_office_market_Q3_2023_5页_6mb

Summary of Strong Cities: Tricity Report

City Attractiveness

Tricity, comprising Gdańsk, Gdynia, and Sopot, is highly attractive with Gdańsk ranking #1 in Emerging Europe for quality of life and quality of life in European cities by Forbes and Numbeo. The region has a population exceeding 1.6 million, with a GDP growth of 9.7% and high employment rates (unemployment at 1.9%). Key rankings include #1 for fastest-growing city in Poland's BSS sector and multiple awards for business-friendliness and quality of life. Economic indicators include strong investment incentives and a focus on sustainability and health.

Office Market

The Tricity office market as of Q3 2023 has a total stock of 1.05 million sq m, making it the third-largest regional market in Poland. Vacancy rates are 13.1%, with new supply adding over 23,000 sq m in the quarter, including projects like Intel headquarters. Transaction volumes were high, with nearly 127,100 sq m taken up, driven by demand from landlords and tenants, including coworking operators. Rents range from EUR 10-15/sq m/month, and service charges from PLN 19-32/sq m/month.

HR Trends

The IT contract sector in Poland shows a shift towards work-life balance, with flexibility being key for employees. Demand remains strong in finance and security, despite overall economic caution due to high inflation. Salary rates for IT roles, such as Frontend Developers and DevOps, vary by experience level, with no exponential growth expected in 2024. Businesses prioritize benefits like remote work and flexible hours to attract talent.