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Knight Frank report Q3 2024
Katowice with resources of over 752,000 sq m has 6% of the total office resources in Poland. Demand for renting office space in the city increased slightly in Q3, with the number of leased space amounting to 35,000 sq m.
As developers are implementing their projects, the area under construction amounts to over 51,000 sq m. The largest projects currently underway are Grundmann Office Park (21,000 sq m) and Eco City Katowice (18,000 sq m), which is scheduled for completion in 2025. Since the beginning of 2024, approximately 1,000 sq m have been delivered to the office market in Katowice (Tetris expansion).
The vacancy rate in Katowice depends on the distance from the heart of the city. Currently, the vacancy rate is 20.5%, which means a decrease by 0.3 percentage points compared to the previous quarter and a decrease of 2.7 percentage points when compared to the same period in 2023.
Asking rents in Katowice at the end of Q3 2024 remained stable and typically ranged between EUR 9.00 and EUR 14.50/sq m/month. Operating fees usually ranged from PLN 14.00 to PLN 26.00/sq m/month.
Full report:
London-based Knight Frank LLP is a leading and independent global real estate advisor. It employs over 25,000 employees in 600 offices in 60 countries. Knight Frank advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants.
