The latest report for Katowice from the Strength of Cities 2022 series is available!
Report on the attractiveness of the city and the office market for the first half of 2022 is the result of cooperation between Knight Frank LLP – an international real estate agency providing consulting services in the field of residential and commercial real estate, the recruitment company Michael Page with the City of Katowice.
In the report you will find information about:
- the most important infrastructure projects in Katowice under construction
- basic statistics on the local office market
- expectations of potential employees and the specificity of the job market in IT
Katowice attractive for tenants
The new supply of 117,000 sq m delivered in H1 2022, is a record value, so far not recorded on this market.
At the end of June, nearly 80,000 sq m was still under construction.
At the end of the first half of 2022, Katowice’s office stock stood at over 716,000 sq m. Between January and June, over 117,000 sq m was delivered to the market, compared to the average supply of more than 30,000 sq m over the past five years, this is a record value.
Nearly 80,000 sq m is still under construction, of which almost 20,000 sq m is to be completed by the end of this year. The largest project still under construction is the Craft building (26,700 sq m, Ghelamco).
Despite the high demand, a significant amount of new office space completed between January and June 2022 contributed to an increase in the vacancy rate at 16.1% at the end of Q2 (up 5.6 pp compared to the end of 2021). Asking rents in Katowice at the end of June 2022 remained stable, ranging from EUR 8.00 to EUR 14.50/sq m/month.
Download the Report!
