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Industrial MarketBeat is a brief summary of the Industrial sector in key cities, providing comment on recent trends as well as market data and analysis of the impact on commercial real estate.
Lublin’s total office stock remained unchanged at the end of June 2019, flatlining at 191,200 sq m. Despite the lack of new supply, occupier activity was healthy, which pushed the city’s vacancy rate down to 10.6%, representing a 9.1 pp decrease year-on-year.
Nearly 70,200 sq m of office space is currently under construction on Katowice’s office market, say analysts of global real estate services firm Cushman & Wakefield. Of the six projects underway, the largest is Face2Face Business Campus, comprising two phases with a total of 46,800 sq m.
If all the office projects in the pipeline come to fruition, Łódź’s total office stock will expand by 143,600 sq m by the end of 2020. The city’s office market will, however, remain buoyant, say analysts of global real estate services firm Cushman & Wakefield. Leading developers are likely to soon commence new projects in the very heart of Łódź’s city centre and in the vicinity of Łódź Fabryczna Railway Station.