15:29 Kraków sees strong office occupier demand | |
| Jones
Lang LaSalle is pleased to present its new research report focused on
the city of Krakow ‘Krakow City Report’. The release of this informative
and opinion-led real estate report coincides with the publication of
Tholons Top 100 outsourcing destinations, in which Krakow was ranked
11th.
"We
are delighted with such a high position of Krakow in the global rating.
Krakow was rated 11th, ahead of all other Central and Eastern European
cities such as Prague (20th), Budapest (27th), Brno (31st), and Warsaw
(38th). The only European city ranked higher is Dublin (eighth),
however, Krakow has – in our view – a clear cost advantage over mature
European places like Dublin,” said Rafal Oprocha, Head of Jones Lang
LaSalle office in Krakow. "According to ABSL data, approx. 15-18,000 people are currently employed in the business services sector in the capital of Malopolska region and this number is still growing. We therefore observe a sustainable interest from occupiers representing the outsourcing sector. At the moment there are tenants enquiries for approx. 60,000 m² of office space,” added Oprocha. The key features characterizing the office market in Krakow are otherwise:
The office and retail sectors are the most actively developing having regard to construction activity in Krakow. Approx. 60,000 m² of office space and another 60,000 m² of retail space is presently at construction stage, compared to 20,000 m² in industrial. Patricia Lannoije, Head of Research and Consultancy at Jones Lang LaSalle commented: "Krakow benefits also from a well-diversified retail offer which is an important asset in the attractiveness of the city. With the opening in autumn 2011 of the city’s first factory outlet center, developed by Neinver, all retail formats are now present on the local market. "The Krakow agglomeration counts currently 11 shopping centers, two retails parks, 13 retail warehouses and attractive shopping high streets in the historical heart of the city which is a sought after location for many flagship stores, mid-market brands and luxury stores. "Most recently, the construction commenced of the Auchan Bronowice shopping center which will capture a significant catchment population in the north and northwestern part of Krakow and its suburbs. The project is likely to benefit from sound retailer demand and good timing.” Source: Jones Lang LaSalle | |
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