AXI Immo has released its latest report on the Warsaw office market for the first half of 2025, showing the city’s continued resilience amid changing economic conditions. Despite a modest level of tenant activity, with total take-up reaching approximately 300,000 sqm, leasing remained steady and focused largely on central locations. Around 85,000 sqm of modern space was delivered in the first six months, with 93% located in central zones, primarily through flagship projects like The Bridge and Office House. The vacancy rate across the city stood at 10.8%, with 140,000 sqm under construction by the end of June.

City Point Targówek, an urban logistics development in Warsaw, has secured a lease agreement for 10,000 sqm of warehouse space with a leading company from the food production and distribution sector. According to Peakside Capital Advisors, this is the largest lease signed on the Warsaw logistics market in 2025 to date, both in terms of size and level of technical customisation. Handover is scheduled for Q3 2026.

Savills has been appointed as the exclusive leasing agent for Biura przy Warzelni, the largest office building in the Browary Warszawskie complex owned by Deka Immobilien. The firm already represents several other Deka assets in Poland, including Willa Fabrykanta and Warzelnia, which houses the popular Nine’s restaurant.

According to a report from Cushman & Wakefield, Warsaw’s office development pipeline has fallen to its lowest level in 30 years, with only 130,000 sqm currently under construction — a volume last seen in 1995. While new supply remains limited, demand for centrally located office space continues to support prime rental growth.

According to Avison Young, at the end of the first half of 2025, Warsaw's modern office stock reached 6.33 million sqm. Three projects were delivered: The Bridge (51,800 sqm), Office House (27,800 sqm), and CD Projekt HQ (5,600 sqm), all contributing to the city’s central zones, which continue to concentrate nearly 90% of new supply.

Harden Construction is developing two industrial halls as part of Panattoni Park Warsaw North III in Kobyłka, just 25 km from central Warsaw. The project, which started in Q2 2025, is set for completion in Q4 2025. The halls will have areas of 13,000 sqm (Hall A) and 33,000 sqm (Hall B). One of the tenants, PBS Connect, will occupy 24,000 sqm in Hall B.

In the first half of 2025, Warsaw saw the delivery of 85,200 sqm of new office space — a 34% increase compared to the same period last year. However, the volume of space under construction has dropped to a historic low of 140,000 sqm. Despite a slight 5% decline in total demand year-on-year, tenant activity remains stable, with strong interest in top-quality, centrally located projects. Savills reports.

Speedwell has secured its first loan in Poland — a PLN 100 million financing agreement with BNP Paribas Bank Polska for the development of Milestone Warsaw Mokotów. This project marks Speedwell’s first locally financed investment in Poland and the first purpose-built student accommodation (PBSA) in Warsaw under the Milestone brand.

On July 15, the Warsaw Trade Tower will host BE Mixer: Mid-Summer Night 2025, an exclusive evening networking event for real estate professionals who stay active while others vacation. Organised by PropertyTalents, the event will bring together 100–150 top developers, investors, PropTech leaders, and market decision-makers in a relaxed, high-level setting. Property Forum is a media partner of the event.

In a recent panel discussion during Future of Real Estate 2025 in Warsaw, exploring the transformative potential of the 15-minute city concept, leading real estate professionals in Poland delved into the intricate challenges and opportunities of creating more integrated, accessible urban environments.