According to Cresa, Warsaw’s total office stock has risen by more than 3.75% over the year to 5.42 million sqm and the absorption rate is down by 1.4% compared with Q3 2017. The vacancy rate is at 10%.
Panattoni Europe has just completed one of the most advanced fulfilment centres dedicated to online retail for Amazon. The investment with total useful floor area of 161,500 sqm was built on a 29-hectare site in Kołbaskowo near Szczecin. Warehousing and distribution functions have taken up close to 150,800 sqm, while more than 10,700 sqm are allocated to office and staff facilities.
In 2015 companies from the industry leased 380,000 sqm of office space, which accounted for 56 percent of overall demand on major markets outside Warsaw, according to JLL's recent data on the activity of tenants from the business services sector in 2015.