Economic activity throughout the first three quarters of 2009 remained strong especially in comparison with other European economies. GDP growth was positive reaching 1.7% in Q3 and is forecasted to stabilize during the end of the year. Following better results till September 2009 than expected it is likely that Poland will be the only European economy with positive growth at ca 1% this year.

This positive growth was largely driven by exports, rising private consumption fuelled with relatively resilient labour market, indexation of pensions and still positive credit growth to households. Together with economic growth in the last few years office markets across Poland has experienced rapid expansion with a peak in new supply in 2008. In 2009 total regional stock grew by 230,900 m2 to 1.6 million m2. The majority of that space was completed in Kraków and Łódź (37% and 17% respectively). The largest office markets outside Warsaw are Kraków and Wrocław with 25% and 21% share of total regional stock espectively.

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