Office Market Snapshot Q1 2020
The beginning of 2020 will go down in history. Q1 started with record values and ended with market uncertainty caused by the COVID-19 pandemic. The blow to the global economy may impact the office real estate market. We are the first in Poland to publish data from Q1 2020. We will compare this data with the post-epidemic results.
The total supply of modern office space in Poland reached nearly 14 million sqm at the end of Q1 2020. The REDD experts were the only ones in Poland to take into account the buildings delivered for use and commercialised while still under construction. The data include buildings of classes A, B and C. “We want to show the full picture of the office market in Poland” says Piotr Smagała, Managing Director, REDD.