Warsaw
Office Market Q1 2021
The latest market data and comments from Knight Frank's experts.
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What will you find inside?
1
Office market in Warsaw
What was the demand and the supply in the first quarter 2021? See how the office market has been impacted by the COVID-19.
2
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.
Knight Frank experts' comments
Bożena Garbarczyk
Senior Consultant, Research Market
The pre-pandemic development boom observed in the office sector is starting to slow down. While the last few years have been characterized by high developer activity, the current situation and tenants' conservative approach to relocation are dampening ideas about starting new construction.
Elżbieta Czerpak
Director, 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. Models of work based solely on remote working eliminate social relations established in the office. Employees are not only deprived of a “meeting place”, but also experience a decrease in their willingness to contact people, be creative and open to innovation.
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