Last year saw excellent results in the office sector in Poland. Demand was a record breaking 1.6 million sqm. Total stock exceeded 11 million sqm with regional markets accounting for 5.6 million sqm and outperforming Warsaw for the first time. JLL summarised the situation on the Polish office market at the end of 2019.

Occupier demand for office space in Warsaw remained robust, with 878,000 sqm transacted in 2019, up by 2% on the peak year 2018. Cushman & Wakefield presented a summary of 2019 on the Warsaw office market.

Last year brought yet another record on the Polish investment market. Throughout 2019, the total transaction volume amounted to €7.8 billion which is higher 2018’s figure of €7.2 billion). Thus, Poland has once again proved that it is an attractive and increasingly more liquid market, according to Avison Young’s latest investment market report.

At the end of 2019, Poland’s total industrial stock topped 18.6 million sqm, with warehouse supply hitting a record high of 2.72 million sqm in the past 12 months. Compared to the previous year, warehouse space availability improved significantly on most of the nation’s regional markets. Cushman & Wakefield presents a summary of the Polish industrial market.

Student housing continued its record growth last year, booking over €9bn in international transactions, excluding the US. As student numbers are growing faster than supply, the asset class remains a top-4 sector prospect for investments in 2020, as shown by a recent study carried out by global research specialist Bonard.

Christie & Co recently launched their new report focusing on the hostel markets in Vienna, Prague and Budapest. The report shows an overview of the business model itself, key characteristics, the evolution of the hostel concept and gives a deeper insight of the mentioned markets: Vienna, Prague and Budapest, in terms of demand, supply and especially branded supply.

Overall in 2019, total gross take-up on the Prague office market reached 439,000 sqm, representing a decrease of 18% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q4 2019.

Almost 800,000 sqm of office space is currently under construction in Warsaw of which approx. 55% will be delivered in 2020, according to the latest Savills research. The capital city of Poland continues to be a big construction site, mostly due to very strong demand for the office space with its record-high levels recorded in 2019.

Budapest’s certified green office stock of 630,000 at 2015 year-end had increased to over 1,500,000 sqm by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock in the Hungarian market. There have also been doubles in the number of certified office buildings or office fit-outs, which increased from 46 to 105, according to the latest green building infographic analysis of Colliers International.

Demand on the Warsaw office market reached 880,000 sqm with 225,000 sqm in the form of pre-lets. JLL summarised the situation on the Polish office market at the end of 2019.