Tri-City posts lowest office vacancy among regional cities
According to the latest report by Cresa Polska “Occupier Economics: Office market in Tri-City in 1Q”. 2020″, the volume of transactions in the first quarter of 2020 reached nearly 33,100 sq m, i.e. approximately 34% of the annual average for the period 2015-2019. The vacancy rate stood at 4.1% at the end of March, a decrease of 1.3 p.p. compared to the previous quarter. This is currently the lowest vacancy to stock ratio among the main regional markets
2020 started positively for the Tri-City region, says the report. Despite many challenges that emerged with the COVID-19 pandemic, tenants still reported interest in doing business there, with quality-of-life cited as a major factor influencing company decisions to locate offices in the market. These are increasingly international companies that are creating local BPO/SSC/GBS branches. Developer activity also continued, with over 45,000 sqm of office space within four projects. Companies interested in office space will be able to choose from many options, according to Michał Rafałowicz, Pomeranian Region Director at Cresa Polska.