At the end of Q4 2020 total modern office stock in the eight main regional cities (Krakow, Wroclaw, the Tri-City, Katowice, Poznan, Lodz, Szczecin, Lublin) amounted to 5.79 million sqm. The largest regional office markets are Krakow (1,554,900 sqm), Wroclaw (1,226,300 sqm) and the Tri-City (888,600 sqm). In 2020, over 393,300 sqm of office space was completed, mostly in Krakow (140,700 sqm), Katowice (61,300 sqm) and Tri-City (60,300 sqm), informed PINK. In Q4 2020 there were six projects delivered to the market with the largest one being Face2Face B (26,200 sqm) by Echo Investment in Katowice, Hi Piotrkowska (21,000 sqm) by Master Management Group in Lodz and Unity Tower (15,600 sqm) by GD&K Group and Eurozone Equity in Krakow. The total volume of leasing activity in 2020 amounted to 582,200 sqm, which is 16% less than in the same period last year. However, in the fourth quarter of 2020 alone the volume was 26% down y-o-y. Since January 2020 the largest volume of space was leased in Krakow (156,600 sqm) and Wroclaw (128,400 sqm), informed PINK.
