Over one million sqm of office space to let in Poland
During the first nine months of 2020, developers completed over 530,000 sqm of office space in Poland: 231,600 sqm in Warsaw and 305,000 sqm in eight major regional markets (Kraków, Wrocław, Tricity, Poznań, Łódź, Katowice, Lublin and Szczecin). Due to the new supply and moderate demand, more than 1.2 million sqm of office space is now available, according to AXI IMMO, presenting the latest data for the Polish office market as at the end of the third quarter of 2020. Warsaw is the leader in terms of the amount of new office space delivered between July and September 2020. Developers completed six projects in this market, with a total GLA of 131,500 sqm. The largest of those is the Warsaw HUB complex (Ghelamco, 89,000 sqm), Biura przy Warzelni building (Echo Investment, 24,000 sqm) and The Park 7 (White Star RE, 10,000 sqm). In the regions, only four out of eight markets saw new space delivered in Q3, with combined GLA…
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