Transaction volume reaches 52,600 sqm on Krakow office market in Q2 2020

Transaction volume reached 52,600 sqm on the Krakow office market in the second quarter of 2020, according to the latest report of Cresa. Renegotiations accounted for 76 percent of the leasing volume, while new leases and expansions made up 15 percent and 9 percent of all deals, respectively. The H1 2020 largest transactions included: a renegotiation of 20,000 sqm by ABB in Axis office building, a 14,500 sqm lease in Tertium Business Park II (prelet, confidential tenant), a prelet lease of 8,300 sqm by Lufthansa Global Business Services in Wadowicka 3 (building B) and a renegotiation of 8,000 sqm by Ericsson in DOT Office E, according to Cresa.