Regional office markets July 2020

The outbreak of the COVID-19 pandemic has redefined the vast majority of economies, at least for the moment. The ensuing global recession has had a direct impact on office markets around the world. However, Poland is forecast to weather the storm in some style. The country’s GDP is forecast to contract by 3.5% in 2020 (far less than the 7.9% contraction predicted for the Eurozone), and is set to rebound by an impressive 5.8% in 2021 (Oxford Economics, July 2020). Moreover, Poland may even benefit and come out stronger from said crisis.