Demand for offices in Warsaw broke records with aprox. 309,900 m2 in Q4
At the end of December 2025, Warsaw’s modern office stock totaled about 6.23 million sq m. No new office space was delivered in the fourth quarter, according to data from the Polish Chamber of Commercial Real Estate (PINK). Despite the lack of new supply, demand surged: office leasing activity in Q4 2025 reached nearly 309,900 sq m, the highest quarterly level ever recorded in the Warsaw market.
The vacancy rate fell to 9.1%, down 0.6 percentage points quarter on quarter and 1.5 points year on year, leaving 564,700 sq m of available space. Vacancies were much lower in central locations (6.1%) than outside the center (11.6%). Tenant demand was strongest in the city center and the Służewiec office district.