Regional Office Markets in the Coronavirus Era

The Covid-19 pandemic has resulted in a global economic slowdown, which the property market is naturally not immune to. Individual segments of this market have responded to the current situation in a number of different ways, as companies try to modify their business strategies to adapt to the present economic reality in the best way they possibly can. The repercussions have impacted the office market too, including Poland’s regional markets, which in the months leading up to the pandemic had been exhibiting impressive growth. A noticeable slowdown has occurred in the leasing of office space. And yet, crucially, things have not come to a complete standstill. Transactions involving large corporate clients are still taking place, although some of these have been proceeding at a slower pace. However, a pullback can be seen from small companies interested in areas of up to 300 sqm. Deals have been frozen in about 50 pct of such cases. The regional markets, although smaller than the