Colliers sums up 2020 in Wrocław

Colliers data shows that although less space was delivered to the Wrocław office market in 2020 than in 2019, the supply at the end of last year reached 1.23 million sqm. Thus, Wrocław retained 2nd place in terms of the amount of office space offered among regional cities.

Wrocław has enjoyed unflagging interest from both investors and tenants for years. This makes it one of the most dynamically developing markets in Poland. The main advantages of the city include an attractive geographical location, ensuring the proximity of the German and Czech markets, well-developed infrastructure, and access to qualified employees. They were appreciated by FDI Magazine, the creator of the world ranking "Global Cities of the Future", in which Wrocław took 15th place.

"In the face of the Covid-19 pandemic, the Wrocław office real estate market slowed down in the middle of Q1 2020. The uncertainty and lack of procedures in the event of an epidemiological threat led to the suspension of a large part of the operational activities of many companies in various sectors of our city. key decisions regarding many processes started or continued at the beginning of 2020. This was reflected in the lower supply of newly delivered space than in 2019. The pandemic has influenced and will continue to shape new market trends in the office real estate sector in Wrocław, however, taking into account investors' plans and the continued high level of demand, we can expect that 2021 may be quite promising for the office market," Dorota Kościelniak, Colliers Regional Director in Wrocław, said.

(WBJ)