Total modern office stock in Katowice is estimated at 317,800 m2.

Further 59,000 m2 will come to the market in 2014, one third of

which has already been pre-let. This ranks Katowice fifth in respect

to the existing office supply (behind Warsaw, Kraków, Wrocław, and

the Tri-City), and fourth in terms of pipeline office provision in 2014

(after Warsaw, Kraków and Wrocław).

Q1 2014 saw a completion of one office building in the city i.e. the

first phase of the A4 Business Park by Echo Investment, with

8,700 m2 of office space fully let. In Q2, another 15,300 m2 of new

supply is set to be delivered to the market, half of which is already

pre-leased. However, a majority of office provision under

construction will be delivered in H2 2014 (43,600 m2), including

12,700 m2 in Silesia Star I (LC Corp), and 10,700 m2 in Silesia

Business Park I (Skanska), both 50% let. Katowice and its wider area has become home to numerous

corporations from the modern business services sector. The

rationale behind this situation is a well-developed infrastructure,

strong academic potential making a significant talent pool, as well as

stable and competitive rents, slightly below what makes a headline

rent in other major office locations in Poland such as Warsaw,

Kraków, Wrocław and Poznań for example.

The above resulted in a record-breaking level of demand in 2013,

making 2013 a peak year in this respect since 2010. The gross

take-up totalling 60,700 m2 represented a 25% increase y-o-y

(the net take-up of 53,900 m2 was up 36% y-o-y). 51% of all signed

leases were pre-lets. Q1 2014 saw office lease transactions for

13,100 m2, with 49% being new agreements and 42% - renewals.

The vacancy rate in Katowice has been steadily declining since

Q2 2010 when a peak of 18.3% was recorded. Currently it stands at

only 5.6% of modern office stock, which corresponds to 17,700 m2 of

modern office stock being vacant. Only the city of Kraków has

currently a vacancy rate lower than this.

This not only proves that from 2010 onwards Katowice has

continued to attract new tenants, but also that the companies

already operating in the city are developing, and therefore

continuously need more office space for the purposes of further

business expansion.

Prime headline rents in Katowice range between €12.50 and

14.00 / m2 / month.

Summary Statistics* 2013 Q1 2014 12

months outlook

Gross Take-up (m2) 60,700 13,100

Net Take-up (m2) 53,900 7,600

Vacancy (m2) 27,900 17,700

Vacancy Rate (%) 9.0% 5.6%

Completions (m2). 16,100 8,700

Under construction (m2) 78,200 69,600

Prime Rent (€ / m2 / month) 12.50-13.50 12.50-14.00

Net take-up = letting transactions excluding renewals

Completions (m²), Pipeline (m²) and Vacancy Rate (%)

Source: JLL, Q1 2014

Katowice Office Market Q1 2014

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0%

5%

10%

15%

20%

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

2010 2011 2012 2013 F2014

Pipeline - Available (m²) Pipeline - Pre-let (m²)Completions (m²) Vacancy Rate

COPYRIGHT © JONES LANG LASALLE IP,

INC. 2014. All rights reserved. No part of this

publication may be reproduced or transmitted

in any form or by any means without prior

written consent of Jones Lang LaSalle. It is

based on material that we believe to be

reliable. Whilst every effort has been made to

ensure its accuracy, we cannot offer any

warranty that it contains no factual errors.

We would like to be told of any such errors in

order to correct them.

Jones Lang LaSalle

Rafał Oprocha

Head of Kraków & Katowice Office

Kraków, Poland

Tel. +48 12 294 9430

rafal.oprocha@eu.jll.com

www.jll.pl

Mateusz Polkowski

Associate Director

Research & Consultancy

Tel. +48 22 318 0042

mateusz.polkowski@eu.jll.com

Map of major selected office developments in Katowice