Expected long-term balance between supply and demand in Poznań: experts

According to the report ‘Occupier Economics - Office market in Poznań in the first half of 2020’ by the consulting company Cresa Polska, between January and June, the transaction volume amounted to over 17,200 sqm, which is 28 pecent of the annual average for 2015-2019. The most active in the second quarter of 2020 were tenants from the banking sector (38 percent) and the IT sector (31 percent).

“The second quarter of this year is another step towards stabilization on the Poznań office market. The size of the demand indicates that Poznań is gradually becoming saturated with the existing office space. The city is particularly attractive to companies from the IT, e-commerce and banking sectors. Developers who had suspended their investments in this city even before the outbreak of the pandemic will probably not decide to implement projects in the near future,” Artur Sutor, Partner, Director of the office tenant representation department at Cresa Polska, said.

The stock of office space in Poznań increased by 5 percent during the year and at the end of June 2020 it amounted to almost 582,000 sqm. In the second quarter, no office building was commissioned in Poznań. An office building of Skanska - Nowy Rynek D remains under construction.

The largest lease contracts in the first half of this year were signing a pre-let contract in the Nowy Rynek D building by Rockwool (6,000 sqm), expansion of GSK in Business Garden Poznań B6 (3,400 sqm) and signing a lease agreement by PKO BP in Business Garden Poznań II (1,600 sqm).

(WBJ)