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.

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.