Developers turn offices into housing

Office plots across Poland, particularly in Warsaw, are increasingly being repurposed for housing as demand for new office projects weakens, according to a JLL report. Around 604,000 sq m of space in Warsaw has already been or is being converted from offices to residential use since 2020, with another 200,000 sq m earmarked for hotels, private rentals (PRS), or student housing.
Over the past three years, 240,000 sq m of post-1990 office buildings have been demolished, mostly in central Warsaw and Mokotów. Prices for vacant buildings ranged from €600–800 per sq m in Służewiec to €2,800–3,000 in the city center.
Developers are shifting strategies due to high vacancy rates in regional markets, reaching 20–22% in cities like Łódź and Katowice. While some prime locations may be redeveloped into modern offices, most underused sites are being given “new life” as residential or mixed-use projects.