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.

Developer JTRE has announced that Tatra banka Group will relocate its headquarters to Pribinova 1, an eight-storey office building under development in the Eurovea City district of Bratislava. The building will offer more than 20,000 sqm of leasable office space and nearly 2,000 sqm of retail space, and is designed to serve as a connection point between Bratislava's historic centre and the Danube waterfront.

Bucharest's office market recorded net take-up of 73% of total leasing activity in the first half of 2026, up from 53% in the same period of 2025, according to the Cushman & Wakefield Echinox Marketbeat Office Q2 2026 report. Total take-up reached 109,500 sqm in H1, of which 60,400 sqm were transacted in Q2 alone, although overall leasing volume remained approximately 10% below H1 2025 levels. The vacancy rate fell to 11.6% in Q2, its lowest point since Q3 2020, driven primarily by stronger demand from IT&C sector occupiers.

Bratislava's office market maintained strong leasing activity in the second quarter of 2026, with take-up reaching nearly 53,000 sqm, according to a new report by CBRE Slovakia. More than half of the total volume comprised renegotiations of existing leases, while net leasing activity, covering new leases, pre-leases and expansions, stood at approximately 25,000 sqm, a 51% increase year on year.

The supply of modern office space in Prague remains constrained, with the vacancy rate standing at 5.8% at the end of the second quarter of 2026, the lowest level since 2020. Total modern office stock reached approximately 3.95 million sqm, yet only one project was completed during the quarter: the renovation of the Danube House building in Prague's Karlín district. The building, developed by CA Immo to Class A standard and seeking LEED Platinum certification, was fully occupied before completion, with Everpure and Allegro among its tenants.

Warsaw's office market gained momentum in the first half of 2026, with total take-up reaching 420,000 sqm, a 38% year-on-year increase, according to AXI IMMO's report "Office Market in Warsaw H1 2026". Net take-up amounted to 220,000 sqm, with the second quarter seeing a surge in large transactions that nearly doubled leasing volumes compared with the same period a year earlier. The most active occupiers came from the business services, financial services and IT sectors. Notable deals included Frontex's renewal of 21,500 sqm at Warsaw Spire B, Visa Europe's new lease of 17,300 sqm at The Bridge, and Poczta Polska's renewal of 17,000 sqm at Domaniewska Office Hub.

AFI and Echo Investment have signed a lease for approximately 20,000 sqm across 11 floors of AFI Tower in Warsaw with PwC Polska, described as the largest office leasing transaction in Poland so far this year. PwC will become the anchor tenant of the 150-metre, 40-storey tower and plans to relocate its Warsaw office there in early 2029. The building is the tallest element of the Towarowa22 mixed-use development, which is being delivered by AFI, Echo Investment and Archicom and combines office, residential, retail and leisure uses.

GTC has renewed a lease agreement with an international bank at Advance Business Center in Sofia, with the tenant also expanding its footprint to more than 5,500 sqm of office space within the complex.

Colliers has introduced Reworks, a digital platform that uses artificial intelligence to help companies optimise office space utilisation. The tool addresses declining office occupancy, rising operating costs and post-pandemic shifts in workplace patterns, and is positioned as a faster and more cost-effective alternative to traditional workplace consultancy methods.

Bratislava's total office stock stands at 1.75 million sqm, with A+ grade space accounting for 22%, grade A for 38% and grade B for the remaining 40%. No new office buildings were completed in the second quarter of 2026, though two projects are expected to be delivered in Q3: Dunaj (8,000 sqm) and Ganz House (9,400 sqm). The Bratislava Research Forum, whose members are CBRE, Colliers International, Cushman & Wakefield and iO Partners, also notes that a methodological change introduced in Q4 2025 now limits the definition of a green building to those whose certifications reflect actual operational performance, focusing on building management, resource efficiency and long-term sustainability.