Take-up for office space in Poland's largest regional cities reached 770,000 sqm in 2025, while new supply dropped to a record-low 20,000 sqm, according to Axi Immo's latest report.
Total modern office stock now stands at 6.72 million sqm, and the average vacancy rate declined to 16.9% for the first time in several years.
Net take-up amounted to 370,000 sqm (+5% y/y) and consisted of new lease agreements (38%), expansions (7%) and owner-occupied space (3%). Among the largest transactions were Shell's lease renewal at the Dot Office complex in Kraków (22,900 sqm) and Motorola Solutions' re-leasing of 17,100 sqm at Green Office in Kraków.
Emilia Trofimiuk, Research Manager at Axi Immo, comments: "In 2025, companies increasingly focused on office efficiency - optimising leased space and seeking locations that offer strong connectivity, access to services and the ability to scale operations flexibly. In many cities, we observed growing interest in higher-standard buildings, reflecting a broader trend of modernising office stock." Renegotiations and renewals accounted for 52% of total activity, with the highest leasing volumes recorded in Kraków, Wrocław and Tricity.
Limited new supply resulted from both high financing costs and cautious developer sentiment. New completions reached just 20,000 sqm (-83% y/y), with Stella Office in Kraków (9,900 sqm), developed by Grupa Zasada, being the largest building delivered. At the same time, 240,000 sqm of office space remains under construction (+4% y/y), primarily in Poznań and Kraków.
Asking rents across most markets remained stable, ranging between €8.00 and €18.50 per sqm per month. Karolina Słysz, Head of Regional Markets at Axi Immo, expects take-up to remain stable in coming years, although the sectoral structure may evolve with manufacturing and consumer-driven sectors gaining importance over BPO/SSC companies.
