Wroclaw office market in the post Covid era, H1 2020

Wrocław, with 1.2m sq m of total existing modern office space, was the second largest regional office market in Poland in terms of total stock. After a strong final quarter of 2019 in terms of new supply, Q1 2020 saw reduced developer activity. Only one project, with 8,250 sq m of rentable office, was completed – a building which is owner occupied. The limited new supply in Q1 2020 is not a symptom of developer activity slowdown, as at the end of Q1 2020 approximately 170,000 sq m of office space was under construction. Almost 50% of this volume is to be delivered to the market by the end of 2020.