Office Market in Poland
The pandemic completely changed our habits and will affect the organization of office space in a long term. Future offices will be adapted to new anti-epidemic standards, which will result in implementation of a shift system and employee rotation in office space, the usage of easy-to-clean finishing materials, implementation of remote solutions to limit activities by direct touch on common areas, greater care of air quality - air exchange, filtration, higher level of humidity, implementation technological solutions for managing the space and oneself in it.
Retail Market in Poland
The outbreak of the COVID-19 pandemic has largely affected the retail real estate sector. Restrictions imposed on the shopping centers influenced consumers’ habits, including more online shopping or choosing smaller, local shops. Convenience stores were the ones that fared best during the lockdown, recording the highest increase in turnover volumes before trade restrictions were imposed. The positive performance of convenience centers stemmed from their high share of food operators and the specific nature of such establishments (local entities, mostly with direct shop entrances and with no common areas).
Warehouses in Poland
The pandemic further boosted the warehouse market over the course of 2021, which was on the growth path over the last couple of years. It has been mainly fueled by the e-commerce sector and multi-channel sales models implemented by conventional retailers, which contributed to record demand.
Hotels in Poland
Rapid growth of the hotel market till 2019 in Poland was reflected by the increasing number of new hotels, growing number of tourists, as well as the growing interest in the Polish market from international hotel brands. The outbreak of the COVID-19 pandemic caused delays in the new hotels openings. Openings scheduled for spring 2020 took place during the holiday months.
Residential Market in Poland
Due to the economic crisis the boom on the Polish residential market has been stopped. Despite a significant drop in interest in buying apartments in second quarter, which affected the overall year result, prices in major Polish cities remained at a stable, high level. The estimated domestic price growth rate in 2020 amounts to 6%.
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