Investors discover Poland’s secondary cities
Poland continues to be the jewel in the central and eastern European crown. While Warsaw’s office market continues to be popular with investors, other Polish markets are also now attracting attention.
According to JLL, Wrocław’s office market is “buoyant”, with a number of new office developments in the pipeline. The Wrocław office market, Poland’s third largest at 555,900 square metres, is the fastest developing in the country.
“In the last five years, 32 office buildings have been completed [in Wrocław], and total office stock has increased by 59 percent,” comments Nina Stepien, research analyst with JLL, in a statement. “Almost 125,000 square metres is under construction, the majority of which will hit the market by the end of 2015. Developers still feel confident about their office investments in Wrocław, due to the high demand for office space, especially from the business services sector.”
JLL reports that the biggest development curr