Office space market in Warsaw

Transcription

1 OFFICE MARKET REPORT 2017 Office space market in Warsaw

2 OFFICE MARKET REPORT BYDGOSZCZ Bydgoszcz - convenient location and competitive conditions The convenient location of Bydgoszcz in the triangle between Warsaw, Poznan and the Tricity is an ideal location for the development of BPO and SSC businesses. In addition to the suitable location, the city offers competitive labor costs and qualified staff. Bydgoszcz also can offer a large number of IT and finance graduates with good command of foreign languages. Thanks to well planned investments in the transportation infrastructure, and the development of the local economy, Bydgoszcz is becoming a city of modern technologies and services. The city has already proven its merits as Polish tenants and foreign telecommunication and IT sector tenants have chosen to locate here. CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 2

3 Human capital Population 357,700 Students 34,600 Graduates 10,400 The number of universities 8 SSC/BPO/ITO Companies 39 Employment 5,000 Specialization Finance and accounting Call Centre Place in the Tholons 2014 ranking n/a Area range Existing 54,000 sq m Demand for office space Rental rates Prime: (EUR / sq m / month ) Vacant surface 10 % A-class stock n/a% Under Construction 10,000 sq m Demand 2017 YTD 10,000 sq m Absorption 2017 YTD 7,000 sq m BPO/SSC Demand 45 Average: 9.00 (EUR / sq m / month ) Effective: 8.50 (EUR / sq m / month ) Prime yields: n/a (%) 15,000 sq m Planned by the end of 2018 n/a sq m CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 3

4 Gross salary in the banking and financial sector GL Accountant: GL Senior Accountant: GL Team Leader: AP/AR Accountant: AP/AR Senior Accountant: AP/AR Team Leader: Gross salary in the HR sector and serv ices Customer Service Specialist: Help Desk Specialist: Payroll Specialist: Senior Payroll Specialist: Payroll Team Leader: Gross salary in the IT sector 1st Line Support: IT Administration: Business / System Analyst: Developer: Tester: Team Leader: Ty pical rental terms Service Charge (PLN / sq m / month ) FIT-OUT Budget (EUR /sq m) Rent free 4-6 (months) Sources CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 4

5 Examples of the distance between the cities by means of transport BYDGOSZCZ Time Time Number of connections per day WARSZAWA 4h 3h n/a TRÓJMIASTO 2h 2h KRAKÓW 8h 6h n/a WROCŁAW 4h 4h n/a POZNAŃ 3h 2h n/a KATOWICE 4h 6h n/a FRANKFURT n/a n/a 1 LONDYN n/a n/a 1 PARYŻ n/a n/a n/a SWOT analy sis Strengths Opportunities Weaknesses Threats Together with Torun, the agglomeration is inhabited by nearly 600,000 people Relatively low salaries and office rents Institutional support for BPO/SSC companies from local authorities Good road connections with the A1 highway, central location in the country BPO/SSC sector expanding in smaller cities Low saturation of the employment market, limited competition from other employers Long history of some large centres (Atos Origin,Alcatel) in the city Interesting city in terms of culture and business environment, investments in infrastructure Lack of A-class office space suitable for large tenants Undefined business districts Lack of established reputation of the city as SSC/BPO location Constant outflow of young population Availability mostly in the pipeline buildings Low number of planned A-class office schemes CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 5

6 Selected office projects in Warsaw Contact to us 2017 CBRE Sp. Z o.o.. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 6