Real Estate for a Changing World
At the end of the second quarter, eight regional office markets stock amounted to a total office space of 6.34 million sq m. Kraków still leads the pack with approx. 1.67 million sq m of offices, being followed by Wrocław with 1.3 million sq m.
High investment activity in the second quarter translated into the value of transactions on the commercial real estate market of more than EUR 1.2 billion.
High investment activity in the second quarter translated into the value of transactions on the commercial real estate market of more than EUR 1.2 billion.
In the second quarter, the regional office market increased by 68.3 thousand sq m and most offices were delivered in the capital of Małopolska. The quarterly transaction volume amounted to nearly 190,000sq m and was nearly by a quarter bigger than in the period from January to the end of March this year.
High investment activity in the second quarter translated into the value of transactions on the commercial real estate market of more than EUR 1.2 billion.
More than 100,000 sqm of new retail space appeared on the market between the beginning of April and the end of June 2022. Smaller commercial formats accounted for more than half of the delivered space.
More than 100,000 sqm of new retail space appeared on the market between the beginning of April and the end of June 2022. Smaller commercial formats accounted for more than half of the delivered space.
growing demand, downward adjustment of vacancy rates, increased share of renewals in the structure of contracts signed, and limited supply; these are the primary shapers of the outlook for Warsaw offices in the second quarter of the year.
In the second quarter of 2022 more than 100,000 sqm of new retail space appeared on the market. Smaller commercial formats accounted for more than half of the delivered space. Aside from retail parks, the second quarter of 2022 also belonged to convenience-type centers.