Poland.
Office and investment market-
Q1 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 quarter 2021?
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?
Zachowawcze podejście deweloperów i najemców wyraźnie widać po wynikach pierwszego kwartału 2021 roku. Zaledwie 5 projektów o łącznej powierzchni 46 400 m kw. dostarczono na rynkach regionalnych. Przedmiotem najmu było 98 300 m kw. powierzchni biurowej.
- 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
The first quarter of 2021 ended at €1.3 billion and the same period last year at €1.7 billion, with last year's transactions still driven by projects launched in record 2019.
- Krzysztof Cipiur
Director, Capital Market
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