Competitive labor costs
Source: Statistical Offices
Unemployment rate, May 2010
3,5 3,5 3,74,7
5,6 5,6
10,1
0
2
4
6
8
10
12
Warszaw a Poznań Katow ice Kraków Gdańsk Wrocław Łódź
Average monthly wages and salaries in enterprise sector, May 2010
774 835 838
10241111
0
1000
2000
3000
4000
5000
Łódź Wrocław Kraków Katow ice Warszaw a
Office space in Łódź
Competitive office lease combined with A and B+ class office buildings
Office space in Łódź
• Modern stock office in Łódź (A/B+, B) is currently approx. 164 000 sqm • Additional 129 000 sqm will be available in 2010/2011 (including 74 300 class A office space) • The office space is concentrated in the City centre • 45 900 sq m of the total office space in Łódź has standard A• Prime headline rents in Łódź are 14 – 15 EUR/sqm (10 EUR/sqm for B/B+ class) • There is a trend of increasing supply of the A grade office space
• Large number of old post – industrial buildings dating back to the 19th century have been revitalized and adapted for office purposes
• 2009 ended with a high vacancy rate (around 20%) but the competitive office lease costs and many non – rent incentives given by the developers encourage more and more companies into the City and make it very attractive for investors searching for office space with a short time – frame
Source: Team analysys
