Poznań is the only office market in Poland to see its vacancy rate fall
According to “Office Occupier: Office Market in Poznań in Q1-Q3 2020”, a report published by real estate advisory firm Cresa Poland, the vacancy rate stood at 13.3 percent at the end of Q3 2020, down by 1.2 pp on the second quarter. It is the only office market in Poland to have recorded a quarterly fall in vacancies. “The capital of the Greater Poland region offers a vast array of modern office spaces and stable rental rates. These are major advantages that are likely to attract more tenants and encourage those present here to remain in the city. After a phase of rapid growth, Poznań is now moving forward towards equilibrium, evidenced by positive absorption in the third quarter amid a lack of new supply and a quarter-on-quarter decrease in its vacancy rate,” says Artur Sutor, Partner, Head of Office Department at Cresa Poland. At the end of September 2020, Poznań’s office stock totalled 579,900 sqm, up by 4.5 percent…
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