Figure from article: Regional office space...
 
The estimated office stock in the agglomerations, both in square meters and in monetary value will be provided upon being published on the following page to the readers: https://repod.icm.edu.pl/
HIGHLIGHTS
  • we propose a new estimate of the regional office stock
  • this allows for the analysis of growth rates of the stock over time
  • the relationship between regional economic and office space growth is non-linear
KEYWORDS
TOPICS
ABSTRACT
The office space supply is an important factor for highly skilled jobs, which generate a large added value and boost regional economic growth. Earlier studies for Poland have shown that office construction is concentrated around the capital city, while there is much less of new supply in the remaining regions. To understand office supply we need to compare it to regional GDP growth. However, at a regional level, new office supply comes in bulks, and this makes an econometric analysis infeasible. Therefore, the growth of the office stock should be studied, which is a smoother variable and can be linked to GDP growth. However, no official estimate exists. This article proposes a method to calculate the regional office stock in Poland with the help of various data from Statistics Poland. In the second step ,the growth of this calculated office stock is put into a relationship with GDP growth. We find a nonlinear relationship between these variables, which differs across the regions. This finding calls for further investigations.
ACKNOWLEDGEMENTS
I would like to thank the Editor and two anonymous referees for their detailed comments and questions. Their questions motivated me to present a detailed explanation about how the agglomerations and their composition were selected. Moreover, their comments made me rethink the sectors of the economy that can be considered as being office – work related. They also made me to use a better measure for the value of the estimated office stock, which now relies on the costs of the complete construction of an office building that is published by Narodowy Bank Polski (2025) and which is extended backwards by the dynamics of newly constructed house prices, also published by Narodowy Bank Polski (2025). One referee pointed out that different depreciation rates could exist for different agglomerations, which is an important fact that has been included in the discussion section.
eISSN:2300-5289
Journals System - logo
Scroll to top