2023-05-04-莱坊-European_Office_Dashboard_-_Warsaw_Q1_2023_2页_544kb

报告摘要

Summary of Office Market Take-up Report

Q1 2023 Overview

Our dashboards provide a concise overview of occupier activity in Europe's markets, updated quarterly.

Key Figures for Q1 2023

Take-up: 159,000 sqm (down 42% year-on-year).
Prime Rent: €312 per sqm per annum (held steady for 3 consecutive quarters).
Vacancy Rate: 11.6% (decreased 60 basis points from 12.2% Q1 2022).

OCCUPIER MARKET Headlines (Warsaw)

The office market activity started 2023 with relatively low levels compared to 2022's intensity, but still significantly higher than Q1 2021.
Most transactions were new agreements (70%), with limited pre-letting or expansion activity (5%).
Central districts secured 55% of the total take-up volume.
The improvements in vacancy rate and stable prime rents may be partly linked to low new supply entering the market (no completions this quarter, historically low levels expected for 2023/4/5).
Rising construction costs and loan servicing fees create challenges for new projects.

ESG Influence and Market Trends

Increasingly relevant due to climate neutrality goals.
Owners of older properties face pressure to modernize for cost optimization. This trend creates challenges and a potential shift in market balance towards landlords, prompting potential future rent increases.

Economic Context (Poland)

Unemployment rate increased slightly to 5.4% in March 2023.
New business registrations have recovered towards pre-COVID levels following pandemic slowdown.
Service sector employment expectations and confidence have picked up, though overall economic outlook weakening suggests potential market cooling.