by Property Forum
Record demand and a decade-low level of new construction have fundamentally shifted the balance of power in Warsaw's office market. In the second quarter of 2026, leasing volume exceeded 280,000 sqm, one of the strongest quarterly results on record, while net take-up surpassed 134,000 sqm. The previous quarter had already set an all-time high, with 310,000 sqm of lease agreements signed between October and December 2025. Against this backdrop, just over 140,000 sqm of office space is currently under construction in Warsaw, the lowest pipeline in more than a decade, and Walter Herz estimates that fewer than 30,000 sqm of new space will be delivered by the end of 2026.
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