Office take-up reached 132,100 sqm in the first three quarters of 2017 in Wrocław, representing a 70-percent increase from the previous year, according to real estate advisory firm Cresa in its latest report. At the end of the third quarter, Wrocław’s office stock totaled 879,600 sqm, with nearly 27,500 sqm coming on-line since January. This year’s total supply is expected to reach almost 70,000 sqm, with an additional 150,000 sqm scheduled for delivery in 2018. Vacant space at the end of the third quarter amounted to 74,800 sqm, representing 8.5 percent of the city’s total stock (a 2-percent decrease since December 2016). With the market continuing its upward trend and the overall volume of construction planned, this year’s absorption is likely to approach last year’s figure of 88,500 sqm, according to Cresa.
