11:15 17 May 2025
Offices Are in Growing Demand
Poland’s office markets are seeing growing demand amid limited new supply. In the first quarter of this year, companies leased 25 percent more office space than in the same period in 2024. Demand in Warsaw exceeded 160,000 sqm, with new leases leading transactions, while regional markets saw nearly 180,000 sqm leased, mostly via renegotiations.
Tenants continue to favor modern buildings in prime, central locations with good transport links. According to Mateusz Strzelecki, Partner at Walter Herz, financial terms, location, and accessibility are key factors for occupiers. Despite strong demand, investment activity remains subdued, with only a marginal increase in new supply. Warsaw’s stock is expected to grow by just 135,000 sqm this year, as older, inefficient offices exit the market. However, lower interest rates and rising investor appetite for premium assets may reignite development and investment activity.
“In Warsaw, most office space leased in the last quarter was located in modern buildings within the city’s central zone. Financial conditions, location, and convenient access to public transport remain the key factors in choosing office space,” Mateusz Strzelecki said.
(WBJ)
