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New office supply drops in Warsaw - JLL

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New office supply drops in Warsaw - JLL
Source: Pixabay

JLL forecasts 2024 office market trends in Poland, predicting a notable decline in new supply levels and rising prime building rents. Anticipated completion of around 250,000 sqm of office space represents a significant drop from the 2018-2022 annual average of over 600,000 sqm. The adoption of hybrid work is reducing average office space demand by 20-30%, with lower construction activity becoming the new norm.

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