A “supply gap” creates a chance for Katowice’s office developments

Katowice as the fourth biggest regional office market in Poland, currently comprises over 190 000 sq. m of modern space which has been already leased. The lack of new office space results in the very low vacancy rate of approx. 1%. Investors recognise the potential of the City and the capacity is going to increase.

When the market situation in the half of 2008 has turned into the financial crisis, Katowice received a few office developments which will deliver the new, A-class office space in the nearest future. Among the earlier years, developments supply and investments upturn in other regional cities, Katowice was struggling with lack of new office space while many projects was announced and postponed. But in spite of the market situation, the year 2008 has brought to the City desired investments. Currently, the 60 000 sq. m is under construction thanks to GTC (Francuska Office Center), Ghelamco (Katowice Business Point) and Arkad-Invest (Atrium).

Analysts predict a “supply gap” in mid-2010 as the many of developments didn’t enter the pipeline stage or they will be suspended waiting for the market recovery. This situation should give a clear sign that present developments might be very successful after finish at the beggining of 2010.