Office take-up in Lodz hit 53,900 sqm in the first six months of the year, accounting for more than 87 percent of the annual average for 2015-2019, according to Cresa Poland. The IT sector generated 56 percent of demand for offices. At the end of the first half of 2020, Lodz’s total office stock stood at 548,000 sqm, up by 10 percent y-o-y. Two office buildings were delivered to the market in the second quarter: Brama Miasta A (14,100 sqm, Skanska) and Zielony by (4,400 sqm, Synergia). New leases made up 58 percent of all deals in the second quarter. Next in line were renegotiations and expansions which accounted for 39 percent and 3 percent of the leasing volume, respectively.
