Warsaw offices surge

Warsaw’s office market closed 2025 in strong form. Knight Frank data show record tenant demand coinciding with tight supply, pushing vacancies to 9.1%—the lowest in more than five years—while rents held steady. Full-year leasing reached 794,000 sq m, up 7% year-on-year. The fourth quarter alone delivered nearly 310,000 sq m, the highest quarterly result on record, as deferred decisions came to fruition.