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.

TVH, a supplier of parts and accessories for material handling, industrial, construction and agricultural machines, has leased nearly 17,000 sqm of modern space at Prologis Park Ruda Śląska in Silesia region of southern Poland. Cushman & Wakefield provided assistance during the choice of location, negotiations and lease strategy development.

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. 

pbb Deutsche Pfandbriefbank (pbb) has underwritten an investment facility for a retail portfolio in Poland for Pine Bridge Benson Elliot. The portfolio consists of three shopping centres in Łódź, Toruń and Kraków in Poland. 

Kajima Europe completed the sale of its prime logistics scheme in Zabrze, Poland. Generali Group acquired the asset in December 2024. The price has not been revealed.

The new shopping centre, developed by Acteeum Group and Falcon Investment Management, will be located in the centre of Siemianowice Śląskie (Silesia, southern Poland). Covering 18,000 sqm of GLA, it will offer customers a selection of 45 stores, dining opportunities, and 550 parking spaces. The opening of the facility is scheduled for the second half of 2026.

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.

The joint venture between Partners Group, acting on behalf of its clients, and Peakside Capital Advisors announces the start of construction for City Point Okęcie, an urban logistics facility spanning over 11,000 sqm and located near Warsaw Chopin Airport. The completion date is anticipated for the summer of 2025, with Depenbrock Polska appointed as general contractor.

Kajima Europe has acquired Student Depot's third development site in Warsaw. This acquisition brings the total number of buildings operated and secured to 12, reinforcing Student Depot's position as Poland’s leading developer and operator of student accommodation.