Katowice, together with Tri-City, follows Kraków and Wrocław in terms of construction activity and take-up volumes, according to Jones Lang LaSalle. The real estate consultancy presented its newest office market report summarizing Q4 2013 in major Polish cities.
In 2013 as a whole, Kraków, Wrocław and Katowice recorded the highest take-up levels of the major office markets in Poland. The largest Q4 deal in Katowice was signed by PwC, which had pre-let 6 770 sq. meter in the first building of Skanska’s Silesia Business Park. Also, it was the largest pre-let agreement secured in Q4 in regional cities.
Only one new office development were added to the office market in the City in the last quarter of 2013, which was the passive building of Euro-Centrum (4 330 sq. meters of leasable office space). The facility will be officially opened in the weeks to come, however the office spaces were commissioned and handed over to tenants in Q4.
The total office stock in Katowice currently amounts to 308 550 sq. meters. Another 78 250 sq. meters was under active construction in Q4, according to Jones Lang LaSalle. The vacancy rate stood at 9% and the level is expected to remain stable. Prime headline rents ranged between EUR 12,5 and EUR 13,5/sq.m/month.