Poland.
Office and investment market- 2020

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 whole 2020?

2

Office market in regional cities

Take-up total office space and supply under construction, demand, available space and titles in Polish cities.

3

Investment market

Investment transaction volume, prime yields and the largest transactions on the Polish capital investment market.

4

Do we need offices?

The COVID-19 pandemic has become a key driver of change in the office sector. The lockdown introduced in spring obliged us to work from home.

What are saying Knight Frank experts?

The office market slowdown in Poland, forecast since the beginning of the pandemic, has so far been less severe than expected. In Poland’s major regional cities, developers and tenants have acted with caution and, as a result, lower figures than in 2019 have been observed from both parties.

- Jadwiga Małek

Consultant, Research Market

The lockdown introduced in spring obliged us to work from home. Initially, the lack of commuting and a seemingly better work-life balance led many employees to question the need for working in an office. Additionally, tenants also questioned whether the office was really necessary, or whether it was little more than a cost generator.

- Elżbieta Czerpak

Director, Market Research

Despite the ongoing COVID-19 pandemic and its enormous impact on the global economy, 2020 closed with a good result - one exceeding EUR 5.3 billion. Despite a 30% decline in transaction volume compared to 2019, the investment market in Poland is stable, and the value of closed transactions significantly exceeds the average for the last 10 years.

- Krzysztof Cipiur

Director, Capital Market

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