Building boom for Warsaw?
PR dla Zagranicy
Paweł Kononczuk
17.03.2016 15:32
New offices and housing estates are sprouting up in Warsaw as developers step up building projects after lean years of crisis, Poland’s Rzeczpospolita daily has reported.
Photo: Flickr.com/Kamil Porembiński
According to a report by real estate services company Jones Lang LaSalle quoted by Rzeczpospolita, over 700,000 square metres of office space is being built in the Polish capital, of which around 400,000 sq m could hit the market this year.
The paper reported that other experts predict 2016 will see some 30 office buildings completed, offering a total area of over 450,000 sq m -- over 60 percent more than the average supply during the last five years.
"Warsaw is attracting a huge amount of interest from tenants. In 2015, leases were signed for a record 834,000 sq m on the Warsaw office market,” Mateusz Polkowski, associate director in charge of research and consultancy at Jones Lang LaSalle, was quoted by Rzeczpospolita as saying. (pk)
Source: Rzeczpospolita