After Warsaw, the cities with the largest amount of office stock were Kraków (1,604,500 sqm), Wrocław (1,242,600 sqm) and the TriCity (923,500 sqm). Between July and September 2021, four developments with a total office area of 19,300 sqm were completed. The largest developments delivered to the market over the period were Kolońska Park (7,900 sqm, Dzida-Jazgar) in Katowice and the second phase of Ocean Office Park A (5,200 sqm, Cavatina) in Kraków. Since the beginning of the year, a total of 15 buildings have been delivered comprising an office area of almost 146,000 sqm. The vacancy rate is estimated at 13.5 pct with around 805,700 sqm of office space available for immediate lease. The vacancy rate increased by 0.1 pp on the previous quarter, and by 1.6 pp y-o-y. The highest vacancy rate is in Łódź at 16.8 pct, and the lowest is in Szczecin at 5.8 pct. Take-up over the third quarter came to 113,100 sq m. Total take-up for office space outside Warsaw came to almost 379,500 sqm over the first three quarters. New leases accounted for the highest share of this figure in Q3 2021 at 66 pct, renegotiations accounted for 26 pct and expansions for 8 pct. More than half of office space in Q3 were leased in Kraków and Wrocław. The largest transactions signed between July and September 2021 were: the lease renegotiation by an undisclosed tenant from the banking sector in Olivia Star building in Gdańsk for 5,400 sqm, and two pre-lease agreements in Kraków by Pepsico in Brain Park A for 5,300 sqm and by an undisclosed tenant from the manufacturing sector in MK29 building for 5,100 sqm. The data was sourced from BNP Paribas Real Estate, CBRE, Colliers, Cresa, Cushman&Wakefield, JLL, Knight Frank, and Savills