Warsaw office market drives Polish GDP growth

The International Monetary Fund as well as Fitch and Moody’s are now forecasting significant growth for Poland’s GDP, driven mainly by Warsaw’s continued attractiveness to foreign investors. “The dynamic development of Warsaw, which is today one of Europe’s major financial centers, has contributed to the continuous enhancement of the local office market. In the period from January to September 2017, gross demand for office space in Poland’s capital was nearly 590,000 sqm which accounts for 78 percent of the overall demand recorded in 2016,” said Anna Młyniec, head of the office agency and tenant representation at JLL. “Large lease transactions are expected to be concluded by the end of 2017. Therefore, the overall results for 2017 will be superb.”