JLL reports rising office demand in Wrocław
Wrocław is proving to be one of the most dynamic office markets in Poland, according to a recent report from JLL.
Total office stock in Wrocław exceeded 1 million square metres at the end of the first half of 2018, according to new data from real estate investment manager JLL. In the first six months of the year, tenants signed deals covering more than 58,000 square metres while the market gained another 100,000 square metres of space.
“Wrocław is one of the fastest growing office markets in Poland – a fact is confirmed by the high level of investor interest in our city... Our long-term plans include further improving Wrocław’s infrastructure, attracting international business services and IT companies as well as creating optimal conditions for start-ups and the SME sector,” said Adam Grehl, deputy mayor of Wrocław.
Wrocław, Poland’s fourth largest city in terms of population, is the second top destination for greenfield FDI into Poland, after the capital Warsaw, according to greenfield investment monitor fDi Markets. Wrocław has attracted 270 projects, valued at $11.35bn, since January 2003.
“Such high office demand in Wrocław is driven in large part by companies from the business services sector. According to ABSL, business service centres employ more than 45,000 people in the city, which places Wrocław in third place for the most sought-after locations for investments from this industry,” said Katarzyna Krokosińska, head of JJL's Wrocław office.
“Today, Wrocław is a place in which companies offering advanced services, R&D centres and creative small businesses are able to operate and thrive. As a result, we are witness to the creation of increasingly interesting, specialised workplaces that are an ideal option for the professional development of ambitious residents and graduates in Wrocław,” added Mr Grehl.
In 2017, greenfield foreign investment into Poland reached its record high since 2008, garnering $14.9bn and thereby making the country one of Europe’s top destinations for FDI, according to fDi Markets. Meanwhile, the country's FDI figures for 2018 also look very promising.
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