Office space market in Lodz

Transcription

1 2017 Office space market in Lodz

2 The main strength of Lodz are relatively low rental rates and a large number of graduates Lodz office buildings are located near the city center, but do not form a single coherent business zone, as it is in Warsaw or Tricity. Office stock in Lodz is largely dominated by the class B office buildings. Attractive lease terms and the large number of graduates are the main advantages of the Lodz office market, especially for tenants from the BPO and SSC services sector. In addition to the currently constructed class A buildings, Lodz has a significant amount of postindustrial buildings which can be adapted to office buildings. All of these attributes make Lodz an attractive location for tenants from the BPO and SSC sectors looking for alternative locations for development. CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 2

3 Human capital Population 706,000 Students 80,700 Graduates 16,500 The number of universities 23 SSC/BPO/ITO Companies 71 Employment 11,000 Specialization Finance and accounting R&D Place in the Tholons 2014 ranking n/a Area range Existing 371,200 sq m Demand for office space Rental rates Prime: (EUR / sq m / month ) Vacant surface 7.90 % A-class stock 38% Under Construction 167,200 sq m Demand 2017 YTD 18,900 sq m Absorption 2017 YTD 4,300 sq m BPO/SSC Demand 43 Average: (EUR / sq m / month ) Effective: 9.50 (EUR / sq m / month ) Prime yields: 6.15 (%) 70,400 sq m Planned by the end of ,200 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 CS Junior Specialist: CS Specialist: CS Team Leader: 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 6-9 (months) Sources CBRE, Randstad - Q CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 4

5 Examples of the distance between the cities by means of transport LODZ Time Time Number of connections per day WARSZAWA 1h 2h n/a TRÓJMIASTO 5h 3h n/a KRAKÓW 3h 3h n/a WROCŁAW 3h 2h n/a POZNAŃ 3h 2h n/a KATOWICE 3h 2h n/a FRANKFURT n/a n/a n/a LONDYN n/a n/a n/a PARYŻ n/a n/a n/a SWOT analy sis Strengths Opportunities Weaknesses Threats Average salary lower than in other large cities Extended institutional support for outsourcing enterprises and activities Relatively low rental level Location close to Warsaw with a good access to the highway International airport Improving image of the city thanks to a number of new investors and infrastructure improvements in the city Low costs of operations Experienced city authorities Experienced developers Undefined business districts Low availability of A+class modern office schemes Proximity to Warsaw, draining the labour market Constant outflow of young population Availability mostly in the pipeline schemes Increasing competition from other emerging cities CBRE Research & Consultancy 2017 CBRE, Sp z o.o. 5

6 Selected office projects in Warsaw Contact to us Rafał Wdowczyk Director Kam il Tyszkiewicz Associate Director Anna Trę bicka Property Negotiator 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