Business
14:19 3 February 2026
Post by: WBJ

CBRE: availability of office space declining in regional markets

CBRE: availability of office space declining in regional markets
source: Pexels

At the end of the fourth quarter of 2025, the total stock of modern office space across eight major regional markets in Poland amounted to 6.72 million sq m, according to the latest data from CBRE. The availability of vacant office space decreased in most cities, with the lowest vacancy rates recorded in Szczecin, Lublin, and the Tri-City. Demand is growing, while new developments remain scarce. Only one new office building was delivered in the fourth quarter of last year, and just five were completed throughout 2025. CBRE experts point out that this situation may lead to selective rental growth.

The largest office markets after Warsaw are Kraków with 1.84 million sq m, Wrocław (1.33 million sq m), and the Tri-City (1 million sq m). These are followed by Katowice, Poznań, Łódź, Lublin, and Szczecin.

Vacancy Down, Demand Up

In the fourth quarter of 2025, one new office building—Bukowska 144 in Poznań—was delivered, offering 2,500 sq m of space. The entire year of 2025 closed with 20,500 sq m of new supply in regional markets, spread across five projects: two in Kraków, two in Poznań, and one in Lublin. This was the lowest result in 20 years. Meanwhile, demand for office space continues to rise. Quarter on quarter it increased by 84%, and year on year by 13%. In the fourth quarter, demand reached 249,300 sq m, with Wrocław proving the most popular location among companies, followed by Kraków and the Tri-City. Total demand for the whole of 2025 amounted to 772,500 sq m, the highest level on record. It is worth noting, however, that more than half of this space was leased through renewals of existing agreements.

Among the largest transactions concluded in the fourth quarter of 2025 was, among others, the lease renewal by Align Technology for 12,600 sq m in the Bierutowa Park III building in Wrocław.

In the fourth quarter of 2025, lease renewals accounted for the largest share of transaction volume at 48%. New leases represented 42%, while expansions accounted for 9%. For the whole of 2025, renewals played an even greater role at 52%, with new leases at 38% and expansions at 7%.

“Strong demand for office space, combined with a shortage of new projects, is leading to increasingly limited availability of office space in prime locations in the largest cities. In most regional markets, 2025 saw a decline in vacancy rates. For example, in Wrocław the vacancy rate fell below 20%, and in Łódź to 18.3%. The average vacancy rate for regional markets dropped to 16.9%. This situation is likely to support rent increases in top-tier buildings,” says Mariusz Wiśniewski, Head of Regional Markets in the Office Department at CBRE.

The lowest vacancy levels were recorded in Szczecin (6.4%), Lublin (10.4%), and the Tri-City (11.9%). The highest office vacancy rate was noted in Katowice (21.6%).

IT Sector Seeking Office Space

In 2025, the IT sector was the most active tenant group in regional office markets, accounting for 17% of total demand. In Kraków, the sector’s share reached as much as 26%. Business services leased 16%, the same share as the industrial sector.


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