log in | register
Two more in Kasztelania
Office market taking off in Katowice


Poznań offices balancing out nicely – Cresa

Nathan North 22 May 2020

Nathan North

Deputy editor

+48 22 356 25 22

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

POLAND The Poznań office market is heading towards achieving supply-demand balance, according to Cresa Poland’s ‘Occupier Economics: Office Market in Poznań Q1 2020’ report.

Within a year, the office stock in Poznań increased by almost 11 pct to more than 580,100 sqm by the end of March 2020. This is equal to the average annual growth rate for the market over the last eight years.

In the first quarter, the Giant Office building (15,300 sqm, Giant Invest) was completed in Poznań, while (among others) the two remaining buildings of the Pixel complex (Garvest Real Estate) are still in the pipeline. By the end of Q1, the vacancy rate was 12.9 pct – a 2.9 pp decrease since the same period last year. The biggest vacancy was found in non-central locations.

“Poznań is an example of a mature regional market, which is appreciated by the tenants of office space. After years of rapid growth, it is heading towards achieving supply-demand balance. Developers are holding back on launching new investments until the high supply that was observed in the previous quarters is fully absorbed by the market. Just like in other regions, the end of the lockdown caused by the Covid-19 pandemic should encourage tenants to take more decisive action in terms of leasing new space. In particular, a new wave of investments made by companies in the BPO/SSC and IT sectors is expected,” claims Artur Sutor, a partner and head of the office department at Cresa Poland.

Leasing activity in Q1 amounted to almost 13,000 sqm – more than three times the figure in Q1 2019. New leases accounted for the highest share of transactions (48 pct) – the majority of which were the pre-let agreements – followed by expansions (40 pct) and renegotiations (12 pct).

The largest office deals in Q1 included: a pre-lease by Rockwool in Nowy Rynek D (6,000 sqm) and an expansion by GSK in Business Garden Poznań B6 (3,400 sqm).

Monthly asking rents range between EUR 13.50–16.50 per sqm in Poznań’s higher class office buildings, with lower class buildings commanding rents of EUR 11–13.

Want to know more? Sign up for the Newsletter



The 11th Office Market Conference for Poland. Trends & Outlook
The 16th CEE Warehouse & Logistics Conference
Suits on bikes. The 4th bike ride with city planning specialists
The 15th Annual Eurobuild CEE Tennis Tournament
The 19th Annual Eurobuild CEE Golf Tournament
Eurobuild Awards 2020

About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.