19:12 5 May 2025
Demand for offices increased by average 22% y/y in Q1 ‘25
Office leasing activity in Poland rose by 22% y/y in Q1 2025, driven by increases in both Warsaw (16%) and regional cities (27%), according to Cushman & Wakefield. Despite this, new office supply remains stagnant, with significant growth expected only after 2027. In Q1, total leasing reached 338,000 m², led by IT, service, and manufacturing firms. Vacancy rates slightly declined to 14.1% nationwide, with Warsaw at 10.5%.
However, regional markets saw mixed trends—Katowice and Kraków improved, while Poznań and Wrocław saw increased vacancies. Prime office rents in Warsaw reached €24–27/m²/month in central areas. In regional cities, top rents ranged from €13–17. Rising construction and financing costs continue to pressure rent levels in new developments.
