JLL was appointed an exclusive leasing agent for the Focus office building in Warsaw.

According to JLL data, the primary market in Poland's largest markets continued its record-breaking performance with 19,500 units sold in the second quarter of this year, resulting in the market’s best H1 result ever.  

Tenants on the office market are cautiously optimistic as demand for offices outside Warsaw grows. Advisory company JLL summarizes the situation on the Polish office market in H1 2021.

The 75% occupancy limit does not mean working at full capacity, but the recovery of the hotel market is driven by the return of holiday travel and stronger demand for hospitality services. Although the industry is facing a number of challenges, hotel owners hold onto their assets, they are reluctant to sell at a discount, believing that business will return to pre-pandemic levels. JLL summarizes the current situation on the Polish hotel market.

The lowest amount of office space under construction in Warsaw since 2010 may point to a supply gap in 2023, according to JLL’s market summary for H1 2021.

Tenants are responding to the change in customer preferences and are now increasingly likely to choose retail premises in modern residential areas. As JLL found in Miasteczko Wilanów in Warsaw, 2021 has seen the number of ground floor units grow by more than 100, an almost 25% increase on 2018. This trend is not limited to the capital city.

The increasing number of vaccinations is allowing the retail sector to catch its breath, with customers returning to ‘brick-and-mortar’ stores. JLL forecasts that total new supply could hit 540,0000 sqm in 2021, marking a return to pre-pandemic performances.

IBM Hungary is relocating its headquarters to Corvin Quarter in Budapest. The tech company will be moving into Futureal’s Corvin Innovation Campus in a phased co-location starting in 2023.

Reduced market entry thresholds, a simplified qualitative assessment of investment projects, and a higher level of support in selected locations are the major changes in the government's grant programme that could attract more business services investors to Poland.

JLL has been appointed the exclusive agent responsible for the lease of the Lakeside office building. The investment project is owned by the Belgian real estate development company Atenor.