Construction output in Poland’s office development segment is forecast to reverse a two-year decline in results, and grow to PLN3.6 billion (€857 million) this year, according to research company PMR.
The firm said 2015’s figures were close to the sector’s record output of PLN3.8 billion (€905 million) in 2012. Further growth is expected in 2016, driven, said PMR, by continued expansion of the country’s business services market.
PMR said a total of 5.5 million m2 of office space would be created over the next five years. This would include 4 million m2 in Warsaw and other main regional cities.
According to the research company, the office construction market has grown significantly during the past 10 years. The company said this had coincided with a rapid increase of the outsourcing industry with Poland – with a need for a total of more than 600 outsourcing centres to be created.
Bartlomiej Sosna, PMR’s head construction analyst, said office construction growth had been driven by several key factors. This included development of the business services sector, with an increasing number of technology-based companies also emerging. Sosna said there had also been a decision to extend special economic zones until 2026, which had attracted development investment.