18:52 26 January 2026
High demand for offices in Warsaw raising prices
Warsaw’s office market closed 2025 with one of the highest demand levels in its history, alongside falling supply and a sharp decline in vacancy rates, according to Savills Polska. Total modern office stock decreased by 1% y/y to 6.23 million sq m due to demolitions and conversions, while new supply remained low. Demand reached 794,000 sq m (+7% y/y), driven largely by lease renegotiations, which accounted for 51% of activity.
Limited availability of large, high-quality offices in central locations pushed vacancy down to 9.1% overall and just 6.1% in the city center. This imbalance increased rental pressure, with prime central rents rising to around EUR 27.50 per sq m per month, highlighting growing polarization between top-tier and older office buildings.
