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Polish office construction hike PLN 3.6b in 2014

Polish office construction hike PLN 3.6b in 2014

WARSAW: After two years of declines, construction and assembly output generated by the office construction segment is expected to grow to PLN 3.6 billion 2014, just a little lower than the PLN 3.8 billion record outputs of 2012, the latest report by PMR market research and consulting company says.

The office market is also expected to increase in 2016, as indicated by exceptionally robust data on building permits secured by investors in 2014. PMR researchers expect that about 5.5 million m2 of office space will be added in 2015-2020 (including approx. 4 million m2 of modern office space in Warsaw and the main regional cities), according to the report entitled “Office buildings construction in Poland 2015-2020. Investments – Companies – Statistics – Forecasts – Prices”.