Institutional lease. They calculated whether rents in such apartments are higher
Institutional lease currently covers approx. 16,000 sq m. apartments, but JLL analysts predict that by 2028 their number will increase to over 40,000. premises. The average rent for an institutional studio apartment in Warsaw's Mokotów district is 9% more expensive. compared to renting from a private person. The difference is much smaller in the case of a contract for a larger apartment.
The JLL consulting company analyzed apartment sales in the first quarter of 2024 in six main markets: Warsaw, Kraków, Wrocław, Tricity, Poznań and Łódź. Developers sold 11,000 units in three months. apartments. The decline compared to the previous quarter was nearly 23%.
Institutional leasing is developing
Much of the analysis was devoted to institutional rental of apartments, i.e. PRS (Private Rented Sector). Currently, it has 16.2 thousand people in our country. apartments, but JLL analysts forecast that by 2028 the PRS market in Poland may grow to over 40,000. rented premises. Last year was record-breaking in terms of the stock that hit the market (5.2 thousand apartments). This year, 7.5 thousand of them may be introduced to the market. This is still not enough: JLL experts estimate the housing deficit in the six largest agglomerations at 0.5 million units, and this is without taking into account the needs of immigrants from Ukraine.
The largest, 25%. market share, has the Resi4Rent platform. 16 percent shares are owned by Ventage Rent (German company TAG Immobilien). Third place and 13 percent The state Rental Housing Fund has a share. Next are LifeSpot (the American Ares fund) and the international investor PRS Heimstaden – with shares of 8 and 9 percent, respectively.
Analysts wanted to find out whether the rents offered by institutional landlords are higher than in the case of apartments rented from private individuals. They analyzed the situation in Warsaw's Mokotów district, where PRSs are already well established (nine leased projects and four under construction). It turned out that rents in PRS projects – if not divided into types of apartments – are about 7 percent lower. higher than apartments rented from private persons. The picture was disturbed by studio apartments, which are 9% more expensive, while apartments with one or two bedrooms are 1% more expensive.
