Warsaw accounted for over 34,000 sqm of space leased within 18 transactions. The largest lease agreements in Warsaw mediated by Colliers include: Gaz System (9,500 sqm in Cristal Park), Samsung (4,829 sqm in Park Postępu 14), construction company (ca. 4,000 sqm) and K2 Internet (3,200 sqm in Platinium Business Park).

Among regional cities the largest take-up volume was noted in Poznań, where Colliers advised on five office lease transactions for nearly 13,500 sqm. Other significant agreements in regional markets include: BZWBK in Poznań (11,500 sqm), a food manufacturing company in Łódź (ca. 3,000 sqm), Orlen Oil in Kraków (1,800 sqm) and PWC in Tricity (1,220 sqm).

The demand structure was dominated by relocations (49%) and renegotiations (37%). New agreements and expansions constituted 11% and 3% of the market activity respectively.

“The high vacancy rate and significant supply of new projects result in dynamic changes on the office market which need to be promptly and adequately addressed. The significant part of agreements are relocations. The office site selection is frequently connected with office space use change and introduction of the “workplace solutions” concept. Many of our clients are in the process of implementing such solutions or planning to do it. Moreover, numerous tenants decide to consolidate their offices when moving to the new premises which is related to costs optimisation,” said Paweł Skałba, Partner and Director of Office Agency at Colliers International.

The most active tenants advised by Colliers represented the following sectors: banking (22%), energy (21%), IT (20%), and manufacturing (16%).