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.
At the end of June 2025, Warsaw’s total office stock reached 6.33 million sqm, 46% of which is in central zones. The area around Rondo Daszyńskiego stands out as a key beneficiary of recent development. Tenants continue to prioritise certified, sustainable, and centrally located offices, reinforcing the “flight to quality” trend. Limited new supply will put further pressure on premium spaces and is expected to strengthen demand for modernised older buildings.
New completions included major projects such as The Bridge (52,000 sqm, Ghelamco) and Office House (27,800 sqm, Echo Investment). Meanwhile, the construction pipeline has decreased by half since last year. Future supply is expected to remain low, with a potential 250,000 sqm of new space delivered by 2027.
The citywide vacancy rate at mid-year stood at 10.8%, down slightly from the previous year. In central areas, availability fell to 7.8%, while it rose to 13.3% outside the centre. Asking rents for top spaces in the centre range from €22.50 to €26 per sqm per month, with some premium spaces going up to €28. Service charges can reach PLN 40 per sqm per month.
Looking ahead, modernisation and conversions — including to residential use — will shape the market as owners adapt older buildings to meet evolving tenant expectations and compete with newer projects.
