2022-11-08-莱坊-Łódź_city_attractiveness_and_office_market_Q3_2022_8页_962kb

Łódź City Report Summary

City Attractiveness

Łódź is recognized as a highly attractive location for investment, ranking third in CEO Magazine's "Best Country to Invest in 2020" and second in Local Authority Support rankings. It is acknowledged as a business-friendly city with strong collaboration between local authorities, educational institutions, and investors, supported by its award as the "Best Special Economic Zone in Europe" by FDI Free Zones of the Year 2020.

Investment Incentives

The city offers various incentives to attract businesses, including designated marketing support such as press conferences and administrative assistance for ongoing processes. Cooperation includes initiatives with universities and the Łódź Special Economic Zone, along with recruitment programs and personalized investment offers to facilitate business relocation and expansion.

Quality of Life

Łódź excels in quality of life, securing second place in Forbes People Friendly Cities 2021 and third in Europolis Green Cities ranking. The city boasts a rich ecosystem of parks and green spaces, including initiatives like Park Helenów and the city bike system. Key developments include enhanced infrastructure, eco-friendly programs, and cultural events.

Office Market Overview

The office market in Łódź has experienced rising vacancy, reaching 22% by the end of Q3 2022, up from previous rates. Existing supply stands at almost 630,000 sq m, with new constructions planned, including large projects like Widzewska Manufaktura and Monopolis M2. Asking rents range from €9.00 to €15.00/sq m/month, though incentives may arise due to high vacancy.

Labor and Employment Insights

Labor market trends highlight Poland's emergence as a leader in shared service centers (SSCs), supporting excellence in business services. A Michael Page study indicates preferences for medium-sized companies, with key job desires including permanent contracts, clear job descriptions, and supportive leadership. High demand for knowledge-intensive roles, such as FP&A and Customer Service specialists, is noted.

Key Statistics

• Population: Around 664,000 in a 293 sq km area.
• GDP Growth: 4.7% in the business sector.
• Unemployment Rate: 5.5%.
• Office Space: 465,200 sq m in central areas, with vacancy rates high, particularly in city center.
• Infrastructure: Investments in bike paths, green areas, and public transport expansion.

This summary condenses the core elements of the analysis, providing essential insights into Łódź's attractiveness and market conditions.