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Articles - trends in the office market

Polish office market is adapting to the new reality

Demand for offices in Poland remains high, but there is the least amount of space under construction in over a dozen years. The office real estate market is changing more and more, says Walter Herz.

Regional office markets in Poland attract tenants

In 2023, on Poland’s largest eight regional office markets, developers delivered 280,000 sqm (-31% y/y). It’s bringing the sector’s total stock to 6.68 million sqm (+4% y/y). The new supply slightly increased the vacancy rate, stabilizing around 17.5% (+2.2 pp. y/y) at the end of December 2023. The largest concentration of tenant activity was observed in the largest regional office markets, i.e., Kraków, Wrocław, and the Tricity (about 70% of gross demand), where, in total, companies leased about 520,000 sqm out of 750,000 sqm of all signed contracts in 2023, says Axi Immo.

Domaniewska 45 Flex: new flexible office offering in Mokotow

A new flexible office concept is being developed in Warsaw's Mokotow district to meet the needs of different types of tenants. Domaniewska 45 Flex are offices leased directly from the building owner, who is also the office operator1. The project is being developed by ASD Real Estate

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Dawid Jusupović

+48 79 508 5495

Krzysztof Falkowski

+48 73 757 4010


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