Instead of the downturn in the global economy, Katowice office market and the prime office rents are stable at average level EUR 16 sq.m/mth*. The situation may be changed as the Warsaw, Kraków and Poznań rents are already fell down and the forecast is to see rents falls in other regional cities.
Katowice, as one of key locations for business in Poland remains very attractive for developers and tenants becuase of low rental costs of office space and a quite high office yield. The Katowice’s office market is still increasing and it is going to bring in the nearest future about 60 000 sq. m office space which is currently under construction.
Katowice has one of the best road systems in Poland. As the main Katowice’s route connects between East and West, the City has two expressways on this axis – A4 and DTŚ. In a central section of Katowice, the DTŚ consists of two streets – Chorzowska St and Roździeńskiego Av. These two collective roads are the east-west axis of the City and have a chance to attract the great business capital. It magnetizes like rivers heretofore.
Among all Polish cities and its top retail locations, 3 Maja Street in Katowice reached 38,3% annual rental growth rate, which is the best result for the country. The rate is growing up steadly since the last year when it was recorded of 34,3% and the street was at list of top 10 localisations with the strongest rental growth in Europe. 3 Maja St. is also the 4th most expensive street in Poland – rent per annum is 780 €/sq.m.
Katowice was classified as one of the five most attractive polish cities for outsourcing:
Poland still has the potential to attract investors looking to outsource their business activities, according to the recent ‘Improving Through Moving’ report on BPO opportunities in Poland, prepared by Colliers International Poland and Atria Real Estate Partners. One of the biggest incentives for investors looking to relocate is the relatively small growth in labour costs. In 2007, labour costs in Poland went up by 4 pct, while in the Baltic states the growth was up to 19 pct. The report divides 11 cities into two categories: the big five and rising stars. The most attractive Polish cities for outsourcing are Łódź, Kraków, Katowice, TriCity and Wrocław.