Cushman & Wakefield has summarised the situation in Poland’s largest office markets at the end of 2024. Leasing activity in both Warsaw and regional cities remained at 2023’s levels, while development activity continued to stagnate. By contrast, the capital market experienced a rebound, with the office investment volume rising to €1.64 billion and Warsaw recording a more than threefold increase. 

Syrena Real Estate, owner of properties in Warsaw and Wrocław, has signed a Corporate Power Purchase Agreement (cPPA) with Polenergia Sprzedaż, for the supply of green energy in the next four years.  

CPI Property Group (CPIPG) has signed 198 leasing contracts covering 128,400 sqm of the company’s office space in Warsaw during 2024, which accounted for 18% of the total demand for office space in the city. 

The Czech office market is facing historically low supply, especially in premium locations where new office construction has slowed down significantly. CTP is responding to these needs through its Clubco network of coworking centres. 

Cushman & Wakefield agency has summarised the situation on the Warsaw office market in 2024, a year marked by subdued development activity leading to a gradual decline in office space availability. At the same time, leasing activity remained consistent with 2023’s level. According to Cushman & Wakefield, these trends are likely to continue this year.

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q4 2024. The data is sourced from advisory companies in the commercial real estate sector. 

The transformation of the historic building at Náměstí Republiky 7 in Prague 1 represents the largest project of the company Scott.Weber Workspace to date. 

The Myslbek office and retail complex on Prague’s centrally located Na Příkopě Street has been purchased by Max Realitní Fund. 

The development group Antracit, part of the investment holding Purposia Group, is starting construction of the mixed-use project Václav in the historic centre of Ostrava. 

According to the latest report published by Newmark Polska, in 2024, leasing activity on the Warsaw office market continued at a steady level, while developers required significant pre-lets before commencing new projects, which led to a moderate office development pipeline. At the same time, the vacancy rate declined steadily, resulting in shrinking office availability. This trend is expected to persist into 2025.