2023-11-20-莱坊-Wrocław_city_attractiveness_and_office_market_Q3_2023_5页_6mb

Strong Cities: Wrocław

Office Market

• Wrocław remains the second-largest regional offices market in Poland with a total inventory of ~1.35m sqm at the end of Q3 2023.
• Significant new supply (75,700 sqm leased in Q1-Q3 2023; High vacancy for new stock due to high construction costs and service charges ~PLN 31/sqm/month).
• New supply pipeline (~66,900 sqm new starts; High construction activity expected post-2023).
• Asking rents remained stable in Q3 2023 (EUR 10-16/sqm/month) despite vacancy rising slightly; Fit-out budgets range from ~EUR 450-550/sqm.

HR Perspective

• IT Sector: Experienced layoffs in 2023 due to US tech downturn and high inflation halting growth. Demand fluctuates but remains strong in finance/insurance and tech giants for high-quality, experienced talent.
• Flexible working and work-life balance are paramount. Talent requires significant incentives beyond salary (e.g., freedom to choose where/from when you work, work-life integration benefits).
• Ideal offers must address salary expectations (hourly rates vary significantly by seniority and role) and market uncertainty. High-quality employees, especially those with expert/Dutch Developer/DevOps experience, are still highly sought after.

Wrocław Report Summary

Part of a Knight Frank strategic report on Wrocław's attractiveness (ranked #1 in #Poland Startups 2022, #8 globally in tech ecosystems) linked to its airport, office market resilience, work culture (flex/remote), digital infrastructure, quality of life & skills.