Jones Lang LaSalle marks strong 2013 with top position in Poland's office lease market

In 2013 Jones Lang LaSalle finalised over 150 lease transactions totalling 206,000 sq m of office space – claiming top spot for companies providing advisory services on Poland's commercial real estate market.

Warsaw, 3 February 2014 – Jones Lang LaSalle, international advisory firm providing commercial real estate services, has summarised office market lease transactions, conducted with its experts' involvement, on the office market in Poland in 2013.

Anna Młyniec, Head of Office Agency and Tenant Representation, Jones Lang LaSalle, commented: "In 2013, acting on behalf of our clients, we provided advisory services in office lease transactions totalling 206,000 sq m. Analysis based on the data from the Warsaw Research Forum and Regional Forum, confirms that Jones Lang LaSalle had the largest number of transactions conducted on the Polish market with the participation of an advisory firm. This result – for the fourth year in a row – gives us the number one position among firms acting as agents in office space lease transactions. Importantly, clients for whom we provided advisory services, include leading global brands, such as KPMG, ING, IBM, Credit Suisse or Deutsche Bank."

Warsaw on investors' radar

2013 was a record-breaking year for the Warsaw office market. Gross demand in the analysed period totalled 633,000, a record for the Warsaw market. New contracts for 451,000 sq m illustrate the increasing importance of the relocation trend, where companies are interested in new, more modern offices that would be even better tailored to their needs.

The most important 2013 Warsaw office market transactions with Jones Lang LaSalle's involvement were lease agreements signed by, among others, confidential company from the FMCG sector (over 10,000 sq m), KPMG (up to 10,000 sq m), Play (9,600 sq m), or Avanssur (4,200 sq m).

Good year in regional cities

In the analysed period, gross demand in the largest cities in Poland (excluding Warsaw), totalled 370,000 sq m., 60% of which were new contracts. Tenants remained the most active in Kraków, Wrocław and Katowice. During 2013, almost 32% of all contracts completed with an agent's participation in the largest office markets (excluding Warsaw) was executed by the Jones Lang LaSalle team, who maintained top position in this area. The company registered excellent results in Kraków (36% market share), Katowice (a record 84.5%), Wrocław (31%) and Łódź (28%).

The largest transactions with Jones Lang LaSalle's involvement were contracts signed by: IBM (8,670 sq m, Katowice), Cisco (7,000 sq m, Kraków), Eurobank (6,100 sq m, Wrocław), ING Services Polska (5,600 sq m., Katowice), Credit Suisse (4,300 sq m, Wrocław), OpusCapita (4,000 sq m, Toruń) and RWE (3,000 sq m, Kraków).

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