The report provides up-to-date data and analysis of the Warsaw office market for Q1 2025, including the demand and supply situation, vacancy levels, rental rates, developer activity and lease structure.
Warsaw office market – Q1 2025
Report summary
In Q1 2025, new supply was symbolic – 5,600 sq m (CD Projekt building), the lowest since Q3 2023. 212,000 sq m remains under construction, 93% of which is in central zones. The largest developments include The Bridge (52,000 sqm), Upper One (35,500 sqm) and Office House (31,000 sqm).
Key data
6,23 mln m²
Total Office Supply
60 900 m² (–74% r/r)
New Supply
264 900 m² (+43% r/r)
Space Under Construction
748 800 m² (–13% r/r)
Total Demand (take-up)
140 600 m² (–51% r/r)
Net Absorption
10,4% (–120 pb r/r)
Vacancy Rate
