Polish office boom at a glance

The Polish office property sector has been going from strength to strength in recent years, a success that has been enabled by Poland’s solid GDP growth and the expansion of large domestic and international businesses in the country. Between 2009 and 2019, the total existing stock of modern office space in the Polish market more than doubled – at the end of last year it reached almost 11.2 million sqm. Developers and tenants have remained very active in Warsaw and the biggest regional cities alike.

The latest issue of the Warsaw Business Journal, Poland’s leading English-language economic title, features a special report summarizing the most important trends defining the Polish office sector today. Called “The ABC’s of Poland’s Office Market,” the publication focuses on both the Polish capital and the largest second-tier cities, as well as on some of the smaller urban centers which have the potential to become new attractive office destinations in the near future.

Key market indicators including supply and demand levels in the various cities are mentioned in the study, as are the market’s currently most important and most characteristic aspects, from developers’ race to the sky, through the drive towards mixing building uses and creating “places” rather than properties where people merely work but hardly have any amenities at their disposal, to the emphasis on sustainability and the increasing popularity of high-tech solutions in modern office buildings.

As the report hits the market, the world is in the grips of the coronavirus pandemic and fears of a global slowdown persist. For the time being, it is difficult to predict exactly how the crisis will impact the further growth of Poland’s office sector, but experts quoted in the publication – representing some of the leading property development and management companies and real estate services firms – point to a number of ways in which the current situation will likely change the sector in the years to come.

“The Polish office market has had some amazing years with new record-breaking deals and strong growth in numbers all over Poland, not just major cities. We decided to shine the light on the success story to our readers from all the world to give them transparency about what Poland has to offer”, says publisher Morten Lindholm. 

Warsaw Business Journal is Poland’s leading business magazine in English. Published since 1994 the magazine is bi-monthly, with a thought-after website and daily newsletter – attracting business people, politicians, diplomacy and investors from all over the world looking for Polish insights and unbiased views on Poland's economic and business status and development.

You can download the report in PDF format here.