Provincial promise

According to figures from PINK (the Polish Chamber of Commercial Real Estate), the largest regional office markets in Poland in 2021 were Kraków (with an office stock of 1,617,600 sqm), Wrocław (1,253,100 sqm) and the TriCity (963,300 sqm). Over the year, 226,300 sqm of office space was completed outside the capital city, much of which was in the TriCity (73,200 sqm), Kraków (60,700 sqm) and Poznań (37,500 sqm). In Q4 2021, seven projects with a combined area of more than 79,000 sqm were delivered in regional markets, with the largest being the 3T Office Park (38,200 sqm) developed by 3T Office Park in Gdynia. At the end of last year, in the eight major regional markets 853,650 sqm remained vacant, resulting in a vacancy rate of 14.1 pct (an increase of 0.6 pp q-o-q. and of 1.4 pp compared to the end of 2020). The highest vacancy rate was in Wrocław at 16.7 pct, while the lowest was in Szczecin – 5.3 pct. The total volume of leasing activity in 2021 came to 594,500 sqm, whic