Poland – land of office completions, deals and take-up
Poland, famously, was the only national economy in Europe that did not go into recession after the global financial crisis of 2007–2008. The economy has performed robustly since then and continues to benefit from significant levels of inward investment aimed primarily at servicing Poland’s business activities and using the country’s position as an international business outsource location; there are indications, though, that multinational companies with an ongoing low-cost emphasis are beginning to look further east as costs in Poland rise.
In terms of real estate development, Warsaw has been a primary focus in recent years, with several major office schemes completed or nearing completion. The central business district has been completely transformed and the Warsaw of today is considerably different to the Warsaw of 25 years ago. You can always have too much of a good thing, however, and oversupply of class A office space in the Polish capital — with implications for