Office rent during 2008

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. Moreover, a few of approved developments might be started during 2009 as the investors are in process for gaining administrative permissions or preparing for the construction. All the office buildings which are already in progress or are going to be started this year in Katowice have a great chance to be successful as the City will continue to be sought-after. In addition, the prime office rent was very stable during the whole year 2008 and placed on the level of EUR 16/sq.m per month. Some of the projects will be leave over since the market requisition, so it is a good prediction for present developments.

Based on CushWake's research publications
Based on CushWake's research publications