2:27 19 September 2025
Polish office market shifts
Over the past 15 years, Poland’s office market has seen dramatic swings, according to JLL. After the 2008 crisis, Poland attracted BPO/SSC investment, sparking a boom through 2020. Regional hubs like Kraków and Wrocław flourished, while infrastructure growth fueled retail and warehouses. Annual supply sometimes exceeded 900,000 sqm, peaking with 125 projects under construction in 2018.
The pandemic reversed fortunes. Remote work reduced demand, while inflation, financing limits, and construction costs slashed new supply by 80%. Today only 25 projects are underway, and Warsaw’s pipeline averages just 75,000 sqm annually. Vacancy remains high in regional cities (17.5%), while central Warsaw sees tighter supply and faster rent growth.
Demand has shifted: half of leases are now renegotiations, but “flight to quality” persists, with ESG-certified buildings preferred. Hybrid work dominates, yet employees average 2.4 days weekly in offices—supporting a gradual return to modern, well-located spaces.
