Research
Warsaw Office Market Dynamics, Q1 2025
Summary and analysis of Warsaw's current office real estate market conditions.
May 12, 2025
Contributors:
- Tomasz Czuba
- Mateusz Polkowski
- Ewa Grudzień
Office net demand amounted to approx. 120,000 sq.m. in Q1 2025. The highest activity was recorded in the City Centre and CBD zones, due to the relatively higher availability of new office space in these areas.
In Q1, Warsaw's office stock increased by 6,000 sq.m. Most of the new supply planned for this year will enter the market in Q2.
At the end of March 2025, the vacancy rate for Warsaw stood at 10.5%. The vacancy in the central zones stood at 7.4%, while outside the centre it reached 13.0%