What is happening to the offices in Warsaw? The new data may surprise
Changes on the capital’s office market. New investments have appeared and tenant activity has increased. Here’s the latest data.
The Polish Chamber of Commercial Real Estate (PINK) has published the latest data on the Warsaw office market. They cover the first quarter of 2026 and show a clear recovery on the supply side.
– At the end of March 2026, the stock of modern office space in Warsaw amounted to almost 6,277,700 sq m – informs PINK in its announcement.
The data shows that in the first quarter of 2026, two new buildings were put on the market: Studio A built by Skanska and Vena built by Polski Holding Nieruchomości. Additionally, Powiśle Nieruchomości has completed the renovation of the Przemysłowa 26a building. A total of 42,900 sq m of modern office space was delivered to the market.
– For comparison, in the first quarter of 2025, 5,600 sq m were delivered to the capital market. modern office space within one project (CD Projekt office building in the East zone) – informs PINK.
More vacant buildings in the capital
At the end of the first quarter of 2026, the vacancy rate in Warsaw reached 9.5%. (an increase of 0.4 percentage points compared to the previous quarter and a decrease of 1 percentage point year-on-year).
The availability of office space amounted to 597,100 sq m. In the central zones, the vacancy rate was 6.5%, while outside the center it reached 12.2%.
Direction: Center and Służewiec
According to PINK, in the first quarter of 2026, the demand for modern office space amounted to 133,800 sq m. The Center and Służewiec zones enjoyed the greatest interest from tenants.
– In the period from the beginning of January to the end of March 2026, the highest share in the demand structure went to new contracts (including pre-lease agreements) – 51%, renegotiations accounted for 39%, and expansions 9%. The remaining 1 percent was due to the occupation of space by building owners – points out PINK.
PINK data sources
PINK data comes from the largest consulting companies operating in the commercial real estate market, including: Avison Young, Axi Immo, BNP Paribas Real Estate Poland, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska and Savills.
The information includes the stock of modern office space, new projects put into use, the volume of lease transactions and the scale of vacancy.
