After achieving the best result in Europe with GDP at the level of 1.8% in 2009, Poland has maintained its position as a leader recording further growth in H1 2010. Polish economy is developing in sustainable way, which influences its favourable position in comparison to euro zone countries.
In H1 2010 the modern office stock in Warsaw increased by 134,000 sq m. Takeup exceeded 140,000 sq m, representing over 62% increase y-o-y. Vacancy grew to 8%. Prime headline rents dropped remained stable at the level of €24-25 per sqm per month and in non central districts – €14-16.
New stock delivered in H1 2010 amounted to 247,000 sq m including 11 new investments and 8 extensions of existing schemes. This represents a 42% decrease compared with H1 2009. DTZ forecasts that this year the annual supply will total 540,000 sq m and the total cumulative modern retail stock in Poland will reach 10 million by the end of 2010. H1 2010 was characterised by sustaining “wait and see” approach, however DTZ has recorded more optimism in tenants’ activities.
Raport w wersji elektronicznej jest dostępny na:
http://www.biuranet.pl/raporty/DTZ_Property_Times_Poland_Q2_2010.pdf
(PDF file, 0.296 MB)
