Poland.
Office and investment market-
H1 2021
The latest market data and comments from Knight Frank's experts.
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What will you find in the report?
1
Office market in Warsaw
What was the demand and the supply in the first half of 2021?
2
Office market in regional cities
The vacancy rate, demand, supply and rents – office data summary.
3
Investment market
Investment transaction volume, prime yields and the largest transactions on the Polish capital investment market.
What are saying Knight Frank experts?
We continue to see a conservative approach from developers towards new projects and tenants. The investments started before the pandemic are being implemented according to plan, which may end up with the second result after 2016 in the volume of new supply at the end of the year. Tenants are most likely to choose offices in central zones, especially the area around Rondo Daszyńskiego.
- Magdalena Czempińska
Director, Research Market
The second quarter brought a revival on the tenant side in regional cities. Between April and June deals for nearly 166,000 sq. m were signed, which represented an approx. 70% increase compared to the previous quarter. It is worth noting, however, that despite such a significant increase, around 46% of the transaction volume were re-negotiations .
- Jadwiga Małek
Senior Consultant, Market Research
More than EUR 1 billion was invested in commercial real estate in Poland in the second quarter of this year, consequently the first half of 2021 closed with an investment volume of EUR 2.6 billion. The investment podium was occupied by warehouses, offices and the recently thriving PRS sector, respectively.
- Krzysztof Cipiur
Partner, Head of Capital Market
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