Poland's regional office markets recorded their weakest first-quarter demand since 2021, with tenant activity falling by almost one-third year-on-year, according to Savills' eport.
Total office supply in Poland's eight largest regional cities stands at 6.76 million sqm, nearly half a million sqm more than Warsaw's office stock. The market is concentrated, with Kraków (1.85 million sqm), Wrocław (1.36 million sqm) and Tri-City (1.07 million sqm) accounting for nearly two-thirds of regional supply. First-quarter demand reached 121,500 sqm, down 29% year-on-year. Tri-City led activity with 49,500 sqm leased (41% of total volume), followed by Wrocław (25,500 sqm) and Kraków (16,700 sqm).
"Tri-City performs strongly in this report, but this shouldn't be read solely through one quarter's lens. It's a market that has consistently built its position with a diversified tenant base, good access to talent and quality of life arguments that matter in corporate discussions," said Piotr Skuza, Associate Director at Savills. The average vacancy rate across regional office markets stands at 17.4%, representing 1.18 million sqm of available space. Katowice (22.1%) and Wrocław (22.0%) show the highest levels, while Tri-City (10.8%) and Szczecin (7.9%) perform better.
Development activity remains at historically low levels, with less than 180,000 sqm under construction - 11% less than a year ago. For comparison, 2015-2019 averaged over 900,000 sqm under construction. Despite 47,200 sqm delivered in Q1 alone (more than all of 2025), total annual supply will remain well below the long-term average. "Today in Poznań, nobody leases office space 'in reserve'. Decisions are cautious, calculated and usually preceded by lengthy cost analysis," commented Mateusz Jakubowicz, Associate at Savills.
