According to Cushman & Wakefield, Poland’s modern office stock totals 13 million m², but only 8,000 m² was delivered in Q1 2025—the lowest since 2005. Tenant demand rose 22% year-over-year, reaching 338,000 m², with regional cities slightly outperforming Warsaw. Vacancy rates fell slightly to 14.1% nationwide and 10.5% in Warsaw. Prime rents in central Warsaw range from €24–27/m²/month, while regional centers see €13–17.

Construction and financing costs continue to pressure rental pricing. CBRE reports only one office delivery in Warsaw in Q1, with key projects like The Bridge and Office House expected later in 2025. Strong demand in central districts, especially City Centre West, contrasts with high vacancy rates (up to 20.4%) in peripheral areas like Służewiec.

(PAP)



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