0:26 20 March 2026
Office squeeze intensifies
Warsaw’s office market is tightening, with modern space increasingly scarce—especially in central locations. At the end of 2025, total stock reached 6.23 million sq m, but supply is shrinking as older buildings are withdrawn and new development slows. Only 88,700 sq m was delivered in 2025, pushing vacancy rates down to 9.1% citywide and 6.1% in the centre.
Large offices above 5,000 sq m are particularly hard to secure: just 27 buildings offer such space, only seven in central zones. As a result, companies are planning relocations 18–24 months ahead, often using interim solutions.
Demand is shifting toward high-quality, ESG-compliant buildings with strong transport links, reflecting a “flight to quality.” Lease renegotiations now dominate, accounting for 51% of activity. With demand strong and supply limited, rents—especially in prime assets—are expected to keep rising into 2026.
