Landlord Representation in the Office Agency presents 2019 results
Warsaw, March 2, 2020 – Colliers International, a leading advisory company on the commercial real estate market, has published the results of the Office Agency in the Landlord Representation division. In 2019, Colliers advisors rented a total of over 118,000 sq m of office space. This result is nearly 40% higher than in 2018 (88,106 sq m) and 260% higher compared to 2017 (32,824 sq m).
The largest transaction in which Colliers experts from the Landlord Representation division participated, and at the same time a record transaction in the history of the Polish office market, was the lease of over 46,000 sq m for mBank in Mennica Legacy Tower in Wola. Other large lease transactions involving the consulting company include 12,780 sq m of office space for AXA in the Warsaw Trade Tower skyscraper belonging to Globalworth, 9,009 sq m for BOŚ Bank in the Feniks office building, 5,400 sq m leased to SII in Warsaw's Metron and 4,788 sq m for the OSCE Office for Democratic Institutions and Human Rights at Młodziejowski Palace, which is owned by the Patrizia fund.
Last year, Colliers advisors leased 28% of the office space available in Warsaw on behalf of building owners, which increased their result by 9% compared to 2018 making the company the undisputed leader with the largest share in the Warsaw market.
Increases in regions
The Landlord Representation division within the Office Agency in recent years has also been developing rapidly in regional cities. Colliers increased its share in those markets from 1% in 2017 to 20% in 2019. Currently, the company has 39 buildings in its portfolio throughout Poland and cooperates with 24 owners.
“2019 was a record year for us in terms of leased space. This year we are not going to slow down – we are planning intensive development of the department not only in Warsaw, but above all we are strengthening our position in the regions. I am convinced that this strategy, combined with the knowledge and experience of our experts, will translate into further excellent results,” says Izabela Kapil, director of Landlord Representation in the Office Agency at Colliers International.