An overview of the office market situation in the capital in the first half of 2025, covering data on supply, demand, vacancy rates, development activity, and rental and investment trends. Changes in transaction structure and the spatial distribution of tenant activity are also analyzed.
Warsaw Office Market – First Half of 2025
Report summary
In the first half of 2025, 85,200 sq m of new office space was delivered to the Warsaw market—the highest volume since 2022. Key projects included The Bridge (52,000 sq m) and Office House (27,800 sq m), both located in the vicinity of Rondo Daszyńskiego.
Demand reached 301,400 sq m – the largest share was from: City Centre (102,800 sq m), Służewiec (72,800 sq m), and CBD (63,400 sq m). Tenants primarily signed new leases (47%), renegotiated existing ones (43%), and expanded (8%). Pre-leases accounted for only 2%.
Key data
6,23 mln m²
Total office supply
60 900 m² (–74% r/r)
Total office 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
