According to the latest report by international real estate advisory firm Savills, demand for offices in the Tri-City amounted to 53,400 sqm in the first half of the year, up 5% compared to the same period in 2024. Tenant activity was stable and evenly distributed between quarters, with 26,400 sqm leased in Q1 and 27,000 sqm in Q2.
A key change has occurred in the structure of concluded deals, where renegotiations dominate demand, accounting for as much as 55% of its volume. This is a reversal of the trend from the first half of 2024, when new contracts accounted for 54% of demand. What’s more, the renegotiated contracts in H1 2025 were for much larger spaces – an average of 2,400 sqm. – while new contracts averaged 830 sq. m.
– The fact that more than half of all transactions are renegotiations shows that companies today rely on security and predictability, postponing costly moves. Some tenants not only stay in their offices, but optimize the space they occupy on occasion. While this currently gives companies a strong card in negotiations with landlords, the tenant market will not last forever. The quietness on the new supply side is a harbinger of future challenges, especially for large tenants looking for modern space to grow –
comments Wioleta Wojtczak, Head of Research, Savills Poland.
No new office building was delivered to the Tri-City market between January and the end of June. Nevertheless, development activity is on the rise – at the end of June there was 32,200 sqm of space under construction, up 40% year-on-year. All of the investments currently under construction are located in Gdansk, and the largest of these is Torus’ PUNKT project (12,000 sqm). However, it should be noted that due to commercialization and financing challenges, some planned office projects have been put on hold. If all the developers’ plans came to fruition, by the end of 2027 the Tricity market would have grown by up to 80,000 sqm of modern space.
– The Tri-City office market appears to be stabilizing after a period of rapid growth. Although no new buildings were delivered in the first half of the year, development potential remains strong, as evidenced by a 40% increase in the volume of space under construction. The diversification of the market is key. While Gdynia faces a high vacancy rate of 23.6%, Gdansk, with a vacancy rate of 9.2%, remains a healthy and receptive market. This is where new development activity and almost all demand is concentrated. We anticipate that in the coming years, limited new supply, combined with stable demand, will lead to a decline in the vacancy rate and create upward pressure on rents, especially in the best located and modern buildings in Gdansk –
says Piotr Skuza, Associate Director in Savills’ office space department in the Tri-City.
At the end of June, 135,100 sqm of offices were available for lease in the Tri-City, which translated into a vacancy rate of 12.7%, 20 basis points higher than a year earlier. However, there is a clear variation between cities – in Gdansk the vacancy rate is 9.2% (74,100 sqm vacancy), while in Gdynia it reaches 23.6% (54,500 sqm). A positive sign for tenants is the stabilization of rents, which in A-class buildings remain at EUR 13.00-15.00 per sqm. per month
Download report: Savills MiM Tricity Office Market H1 2025
