Total office supply hit 60 000 sq. meters

60 100 sq. meters of modern office space were delivered to the market in Katowice in 2014, according to the latest JLL’s office market summary. The volume of new office space was the highest since 2001. At the same time, a gross take-up was much lower than in 2013.

The latest record-breaking amount of modern office stock was registered in 2010, when 47 000 sq. meters of office had been added to the market. The largest deliveries in 2014 include the Stern and Alder buildings of GPP Business Park (15 600 sq. meters), building A of Silesia Star (12 700 sq. meters) and building A of Silesia Business Park (10 700 sq. meters).

The gross take-up amounted to 48 800 sq. meters and was lower in comparison to 2013, when 60 700 sq. meters of office had been leased in the City. The last year’s largest official deals were signed by UPC (6 500 sq. meters in Green Park), TPG Katowice (2 300 sq. meters in GPP Business Park), Capgemini (1 500 sq. meters in Atrium) and Raiffeisen Bank Polska (1 400 sq. meters in Millennium Plaza).

Katowice noted an increase in unoccupied stock – from 9% in 2013 to 13,8% after the last quarter of 2014 – and now the vacancy rate is the second highest amongst Poland’s regional cities after Szczecin (15,8%). The total volume of the office space in Katowice amounts to 370 100 sq. meters at present.