Warsaw’s office stock totaled 5,543,700 sqm at the end of June, up 80,550 sqm since the beginning of the year, according to Cushman & Wakefield. The city’s vacancy rate stood at 8.5 percent, equating to 427,900 sqm, a 2.5-percent y-o-y decrease. Prime headline rents remained flat at €23.75 per sqm per month. Investment activity totaled €998.7m in the first half of 2019, up by €630.5m on the same period in 2018. The largest transactions to close in the first six months of the year included West Station (Mapletree), Ethos (Credit Suisse) and Warsaw Trade Tower (Globalworth). Given the number of pending transactions, including the acquisition of Warsaw Spire by Immofinanz, the total investment volume is expected to continue to grow, according to Cushman & Wakefield
