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MARKETVIEW
Q4 2015
CBRE Research
© 2016 CBRE sp. z o.o. | 2
WARSAW OFFICE Q4 2015
Source: CBRE / PORF, Q4 2015, F – forecast
Chart 1. Warsaw office completions (in sq m)
0
100 000
200 000
300 000
400 000
500 000
2010 2011 2012 2013 2014 2015 2016F 2017F 2018F
City Centre Non Central
City Centre pipeline Non Central pipeline
23%
21%
16%
15%
10%
8%
5% 2%
Computers/ Hi-Tech
Financial services
Manufacturing Industrial &
Energy
Professional services
Business services
Consumer services & leisure
Public sector
Other
Chart 2. Warsaw take-up by sectors (2015, in % sq m)
Source: CBRE/ PORF, Q4 2015
11,0%
11,5%
12,0%
12,5%
13,0%
13,5%
14,0%
14,5%
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Source: CBRE/ PORF, Q4 2015
Chart 3. Vacancy level in Warsaw (%)