Kraków doubles office stock in four years

by   CIJ News iDesk II
2020-02-20   07:33
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Kraków has nearly doubled its office stock over the last four years, becoming the largest and fastest-growing regional city office market in Poland, according to Savills. At the end of 2019, Kraków’s office stock amounted to almost 1.42 million sqm, accounting for more than a quarter of the total available office supply in Poland’s eight largest regional city markets and nearly a quarter of Warsaw’s office space. Nearly 160,000 sqm of office space was added to Kraków last year. The largest completions included Tischnera Office (32,800 sqm), two buildings in the Fabryczna Office Park (29,100 sqm) and V.Offices (21,700 sqm). The office market in Kraków has witnessed an accelerated expansion since 2016, posting an almost twofold increase in its office stock. Nearly half a million sqm is expected to be built in the city by the end of 2022, bringing Kraków’s office stock significantly closer to the 2 million sqm mark, according to Savills.