Tricity office market still attractive to BPO/SSC/GBS sector

The Tricity office market is likely to become a tenant’s market soon due to the changing market environment, according to Cresa. Tricity is still attractive to tenants in the BPO/SSC/GBS sector. Additionally, investments in its seaport and transport infrastructure are a magnet for sea freight operators. Three new office buildings were added to the market in the second quarter of 2020 including Olivia Prime B (25,000 sqm, Olivia Business Centre), Rzemieslnicza 15 (2,500 sqm, ODDK) and Lastadia 2 (2,400 sqm, Gdanskie Wody). At the end of the second quarter, total office stock in the Tricity region stood at 868,400 sqm, up by 9.6 percent y-o-y. Projects underway include FORMAT (Torus), the first phase of Palio (Cavatina) and Airport City Gdansk Alpha (Gdansk Airport).