Pandemic leaves its mark on regional office market: CBRE

In the first quarter of this year, 46,400 sqm was delivered to the regional office market. sqm new space, which, due to the pandemic, is the lowest value in six years. The largest completed projects were Palio A in Gdańsk and Equal Business Park D in Kraków, according to the latest CBRE report. In total, 98,300 sqm of space were leased. The vacancy rate in the regions was 12.92 percent.

"The pandemic continues to leave its mark on the office market, but the declarations of employees and employers to return to offices, the developing vaccination program and the stable macroeconomic situation in Poland allow us to predict recovery. inclusion of remote work in their strategy, however, many companies declare their willingness to further develop and create new jobs. Interesting information in the context of the growth of the office market is the intensity of inquiries from new investors. Poland's attractiveness does not decrease but even grows. The situation in other world markets prompts large concerns for the search for safe havens for their business and Poland has been perceived as such for a long time. Not without significance for the increase in the number of new investments in the office sector are numerous programs implemented by the government, aimed at facilitating the transfer of the business to Poland," Kamil Tyszkiewicz, head of regional markets CBRE, said.

A total of five projects were delivered on the regional office market, of which two in the Tri-City and three in Kraków. The largest buildings delivered for use were Palio A in Gdańsk (16,500 sqm) and Equal Business Park D in Kraków (11,600 sqm).

(WBJ)