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The material gives an overview of the situation in Wroclaw in the two first two quarters of 2013, with an emphasis on the BPO sector - one of the most important office tenants in that city.

The total supply of office space in Wroclaw reached 428,700 m2 at the end of June 2013. During H1 2013, four office schemes were delivered to the market: Sky Tower (28,100 m2), Green Towers II (10,800 m2), Delta 44 (2,700 m2) and Eco Office (1,890 m2). The office space under construction reached nearly 90,000 m2.

The capital of Lower Silesia region is one of the most dynamically developing cities in Poland. 25 universities located in Wroclaw make it one of the leading academic centers in the country. Wroclaw is the third largest office market in Poland, right after Warsaw and Krakow.” – comments Daria Dudek, Regional Manager for Colliers International in Wroclaw

The total supply of office space in Wroclaw reached 428,700 m2 at the end of June 2013. During H1 2013, four office schemes were delivered to the market: Sky Tower (28,100 m2), Green Towers II (10,800 m2), Delta 44 (2,700 m2) and Eco Office (1,890 m2). The office space under construction reached nearly 90,000 m2.

The demand registered in the first half of the year was close to 51,000 m2. Thanks to several important deals, including Getin Holding (11,700 m2, Sky Tower), Kruk (7,500 m2, Wrocławski Park Biznesu) and Objectivity Bespoke Software Specialists (2,100 m2, West Forum), pre-let agreements constituted almost 60% of the leasing activity.

The vacancy rate continued an upward trend. At the end of June, 13.6% of the existing office stock remained vacant (as compared to 9.2% at the end of December 2012).

The rents for the modern office space oscillated between €10 and €16.5/m2/month.

Wroclaw is continuously attractive for tenants from the BPO sector, among which there are such market leaders as Google, Hewlett Packard, IBM, McKinsey & Company, Randstad Payroll Solutions and Volvo. Our company currently advises a number of foreign investors who have chosen Wroclaw as the first location to start their operations in Poland. With such a strong interest in the city we can expect new transactions in Wroclaw office market in the near future.” – adds Daria Dudek

The series of reports by Colliers International analyzes office market in Polish regional cities. The material describing Krakow and Poznan has already been released. Further reports will refer to Szczecin, Tricity, Lodz, Katowice and Bydgoszcz.