2023-02-07-莱坊-European_Office_Dashboard_-_Warsaw_Q4_2022_2页_485kb

Warsaw Office Market Q4 2022 Report Summary

The Q4 2022 research report analyzes the occupier market in Warsaw's office sector, showing significant improvements in tenant sentiment and activity, with reduced pandemic-driven demand visibility. Key data includes a total take-up of 866,166 sqm for the year, marking a 33% increase from 2021, and a vacancy rate of 11.6%, down 9% from Q4 2021. Prime rent stood at €312 per sqm, while economic uncertainty and high fit-out costs discouraged relocations, leading to higher renegotiation rates at 40% of signed deals. Low developer activity in 2022, due to rising financing costs, constrained supply. Economic indicators highlighted Poland's new business growth approaching pre-COVID peaks, while unemployment is expected to rise to 6% in 2023. Service sector confidence declined but remains above 2020 lows. Local research contact details are provided for further inquiries.