Total office demand in Budapest rose by 8% year-on-year to 502,150 sqm during 2024, according to data from the Budapest Research Forum (BRF). 

For Ghelamco, 2024 was marked by the sale of the Warsaw UNIT office building. The developer also commissioned and fully commercialized Warsaw’s VIBE office building, announced new real estate projects in the capital and Gdynia, and reported satisfactory sales results in the residential segment. For this year, Ghelamco has announced more office and residential developments, as well as completion of its flagship project in Warsaw: the 174-meter skyscraper The Bridge in the city centre. 

In the upcoming years, administrative institutions and state-owned companies in Poland will actively influence the evolution of the national office market—not only through leasing office space. The State Treasury will play a significant role as a key player in the investment sphere by modernizing, acquiring, selling, and constructing office properties for its own needs. In the upcoming years, administrative institutions and state-owned companies will actively influence the evolution of the national office market - not only through leasing office space. The State Treasury will play a significant role as a key player in the investment sphere by modernizing, acquiring, selling, and constructing office properties for its own needs, claims Watler Herz.

The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in Warsaw for Q4 2024. At the end of December 2024, total modern office stock in Warsaw accounted for over 6,293,000 sqm.

More companies will increasingly shift their focus towards enhancing the productivity and happiness of their people, rather than focusing on where they work from, shows an analysis of IWG on the trends that will shape work this year. 

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Budex has opened the building housing the headquarters for its companies GoMobil, Roboton and Terms this autumn in Plana near České Budějovice in South Bohemia. The massing of the building combines a hybrid construction with a reinforced concrete core and CLT wooden elements.

The new development on the site of Istropolis in Bratislava on the Trnavsky Mýte by Immocap is rapidly approaching construction. The proof is not only the progress in the permitting processes, but also the confirmation of the first key tenant who will occupy one of the office buildings, reports Yimba.sk.

According to the latest report from Cushman & Wakefield, office demand across Poland’s office markets is expected to remain stable in the near future, on a par with the levels recorded in 2022-2023, with vacancy rates anticipated to edge down in both Warsaw and regional cities amid gradual market stabilisation. Office development activity is likely to remain subdued in the coming years, creating new opportunities for office stock refurbishment. Despite this, the Polish market offers some of the finest-quality office spaces in Europe. For example, Cushman & Wakefield reveals that the percentage of office stock in Warsaw at risk of becoming obsolete by 2030 is low, at 40%. By comparison, the average for seven key Western European markets (Amsterdam, Barcelona, London, Madrid, Milan, Paris and Stockholm) is nearly twice as high, at 80%.

The investment group DRFG has bought the Signum Work Station office building in Warsaw, with a leasable area of ​​over 32,500 sqm, reports E15.cz.