{"id":20088,"date":"2024-11-13T14:55:00","date_gmt":"2024-11-13T13:55:00","guid":{"rendered":"https:\/\/savills.przemeknova.usermd.net\/offices-in-the-regions-in-q3-2024-mainly-renegotiations-stable-vacancy-rate-and-decrease-in-developer-activity"},"modified":"2026-01-16T11:20:22","modified_gmt":"2026-01-16T10:20:22","slug":"offices-in-the-regions-in-q3-2024-mainly-renegotiations-stable-vacancy-rate-and-decrease-in-developer-activity","status":"publish","type":"post","link":"https:\/\/dev.officemarket.pl\/en\/offices-in-the-regions-in-q3-2024-mainly-renegotiations-stable-vacancy-rate-and-decrease-in-developer-activity","title":{"rendered":"Offices in the regions in Q3 2024: mainly renegotiations, stable vacancy rate and decrease in developer activity"},"content":{"rendered":"\n

3 markets with more than one million square meters, Krakow still leader<\/strong><\/h3>\n\n

Krakow maintains its position as regional leader with a total supply of modern office space of 1.82 million sqm. Wroc\u0142aw and the Tri-City also exceed the 1 million sq. m. threshold, with inventories of 1.37 million sq. m. and 1.07 million sq. m., respectively. These cities are also where most of the activity from tenants is concentrated.<\/p>\n\n

\n

“Krakow, Wroclaw and the Tri-City attract the largest number of companies, offering access to skilled workers, extensive infrastructure and attractive lease terms.”<\/em> – <\/p>\nsays Daniel Czarnecki<\/strong>, Head of Landlord Representation, Office Agency, Savills Poland.<\/cite><\/blockquote>\n\n

The largest volume of new space expanded resources in Wroclaw (32,300 sqm), the Tri-City (19,500 sqm) and Krakow (14,400 sqm). The list of the largest completed projects included: Quorum Office Park A (Wroclaw, 18,200 sqm), Waterfront phase II (Tri-City, two buildings with a total area of 14,500 sqm), B10 (Wroclaw, 14,100 sqm) and Brain Park C (Krakow, 13,000 sqm). Significantly, as much as 50% of the space delivered this year is still waiting for its tenants. <\/p>\n\n

Few pre-leases, few construction sites<\/strong><\/h3>\n\n

At the end of September, 214,400 sq. m. of modern space was under construction in the regions. The largest number of offices is climbing in Poznan (55,400 sqm), followed by Katowice (46,200 sqm), Wroclaw (41,600 sqm) and Krakow (37,100 sqm). <\/p>\n\n

\n

“The very low level of pre-leasing agreements is having an impact on the prolonged commercialization process of projects under construction, which, combined with financing difficulties, has forced some developers to put on hold the projects they have started. Currently, the status of ‘on hold’ applies to about 107,400 sqm, and they are awaiting the signing of a pre-leasing agreement or securing financing in a new form to resume<\/em>.” – <\/p>\nsays Daniel Czarnecki<\/strong>, Head of Landlord Representation, Office Agency, Savills Poland.<\/cite><\/blockquote>\n\n

The report’s authors estimate that in the most optimistic scenario, a total of 382,000 sq. m. of office space is planned to be delivered in regional cities between 2025 and 2026, of which about 141,000 is already under construction. <\/p>\n\n

Demand down. Renegotiations dominate, IT sector with contracts <\/strong><\/h3>\n\n

During the period under review, tenants leased a total of about 509,300 sqm of office space, representing a 4% year-on-year decline in demand. Most offices were leased in Krakow (178,500 sqm, up 47% y\/y), Wroclaw (95,800 sqm, down 21% y\/y) and the Tri-City (92,800 sqm, down 27% y\/y). In addition, demand in Pozna\u0144 totaled 53,500 sqm, in \u0141\u00f3d\u017a 45,100 sqm, and in Katowice almost 35,000 sqm. In Lublin and Szczecin, leasing activity totaled less than 9,000 sqm.<\/p>\n\n

In Q3 2024, lease renegotiations accounted for 53% of all transactions, compared to 35% in the same period of 2023. Tenants from the IT sector remain the most active, generating 26% of total demand. In Krakow, as many as 35% of new contracts were signed by tenants from this sector. <\/p>\n\n

\n

“Technology companies are looking for modern and flexible spaces that support a hybrid work model and allow teams to scale freely,<\/em>” he added. <\/p>\ncomments Jaroslaw Pilch<\/strong>, Head of Tenant Representation, Office Agency, Savills Poland.<\/cite><\/blockquote>\n\n

Stable vacancies and rents<\/strong><\/h3>\n\n

The Savills report indicates that vacancy rates vary by city. At the end of September, the lowest level was recorded in Szczecin (6.8%) and the highest in Lodz (21.1%). In Katowice (20.5%), Wroclaw (19.7%) and Krakow (18.9%), the vacancy rate remains around 20%. In the Tri-City, Pozna\u0144 and Lublin it did not exceed 13%. The average vacancy rate at the end of Q3 was 17.3%, registering a minor upward adjustment of 3 bps compared to 2023. <\/p>\n\n

Net absorption of space from Q1 to Q3 amounted to 79,800 sqm, an increase of 7% compared to 2023. Only in two cities – Lublin and Szczecin – the indicator was negative and amounted to -1400 sqm and -2100 sqm, respectively. The highest positive values were recorded in Krakow (26,800 sqm), the Tri-City (23,600 sqm) and Pozna\u0144 (14,600 sqm).<\/p>\n\n

\n

“At the end of Q3, base rents in A-class buildings in regional cities averaged between EUR 12.00 and EUR 17.00\/sq.m.\/month. The highest rates were registered in Poznan (17.00 EUR\/sq.m.\/month), Krakow and Wroclaw (up to 16.50 EUR). In Szczecin, rents reached 15.50 EUR, while in the Tri-City, Katowice and \u0141\u00f3d\u017a they recorded slightly lower values (15.00 EUR).”<\/em> – <\/p>\nJaroslaw Pilch<\/strong> says.<\/cite><\/blockquote>\n\n

Among the 8 key markets, the cheapest offices were in Lublin, where you had to pay up to EUR 14.25 per square meter in prime locations. In addition to rents, tenants have to reckon with service charges, which can reach PLN 36.00 per square meter\/month.<\/p>\n\n

Challenges and market outlook<\/strong><\/h3>\n\n

The low level of new pre-leases (less than 10% in most regional cities) and difficulties in raising financing are affecting delays in some office projects. However, the stable vacancy rate and growing activity of IT tenants give reasons for cautious optimism. <\/p>\n\n

\n

\u201eWe expect the office market in the regions to gradually adapt to new realities. It will be key to offer workspaces that meet the needs of companies that use a hybrid work model and provide flexible lease terms <\/em>\u201d \u2013 <\/p>\nDaniel Czarnecki<\/strong> concludes.<\/cite><\/blockquote>\n\n

Download the report here: https:\/\/pdf.euro.savills.co.uk\/poland\/offices-and-warehouses\/savills-mim-office-regions-q3-2024.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"

3 markets with more than one million square meters, Krakow still leader Krakow maintains its position as regional leader with a total supply of modern office space of 1.82 million sqm. Wroc\u0142aw and the Tri-City also exceed the 1 million sq. m. threshold, with inventories of 1.37 million sq. m. and 1.07 million sq. m., […]<\/p>\n","protected":false},"author":2,"featured_media":1273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[557],"tags":[277],"strefa_wiedzy":[55],"class_list":["post-20088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bialystok-2","tag-research","strefa_wiedzy-news"],"acf":{"autor_1":{"autor_aktualnosci_1":{"ID":20620,"post_author":"2","post_date":"2026-02-17 09:02:36","post_date_gmt":"2026-02-17 08:02:36","post_content":"","post_title":"Daniel Czarnecki","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"daniel-czarnecki","to_ping":"","pinged":"","post_modified":"2026-02-17 09:02:36","post_modified_gmt":"2026-02-17 08:02:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20620","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"autor_2":{"autor_aktualnosci_2":{"ID":20632,"post_author":"2","post_date":"2026-02-17 09:07:31","post_date_gmt":"2026-02-17 08:07:31","post_content":"","post_title":"Jaros\u0142aw Pilch","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jaroslaw-pilch","to_ping":"","pinged":"","post_modified":"2026-02-23 12:58:37","post_modified_gmt":"2026-02-23 11:58:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20632","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"powiazane":[{"ID":11753,"post_author":"2","post_date":"2025-07-09 09:53:35","post_date_gmt":"2025-07-09 07:53:35","post_content":"\n

GROWING RESOURCES AT CENTER, HIGH QUALITY MATTERS<\/strong><\/h3>\n\n

Warsaw's office stock at the end of June 2025 stood at 6.33 million sqm, 46% of which was located in central zones. On the office map of the capital, the Daszy\u0144skiego traffic circle area, which remains the main beneficiary of development investments, particularly stands out.<\/p>\n\n

\n

Tenant demand is focused on projects that offer the highest quality, sustainability certifications and a central location. This is a continuation of the flight to quality trend we have been seeing for several quarters now <\/em> <\/p>\ncomments Jaroslaw Pilch<\/strong>, Head of Tenant Representation, Savills.<\/cite><\/blockquote>\n\n

The \"flight to quality\" trend - i.e., the search for the best locations and the highest ESG standards - is not only continuing, but increasingly influencing the strategies of both tenants and property owners. Limited new supply will further reinforce the pressure for the best offices in top locations. <\/p>\n\n

NEW SUPPLY ON THE RISE, BUT INVESTMENT UNDER CONSTRUCTION IS GETTING SCARCE<\/strong><\/h3>\n\n

In H1 2025, developers delivered the largest amount of new space in three years. New supply compared to the January-June period a year ago increased by 34% and amounted to 85,200 sqm. Major developments include: The Bridge (52,000 sqm, Ghelamco) and Office House (27,800 sqm, Echo Investment). Both are located in the office basin near Daszy\u0144skiego Roundabout (West Center subzone). <\/p>\n\n

At the same time, the volume of projects under construction halved from last year, reaching 140,000 sqm. As much as 86% of this space is being developed in the city center. Among the largest investments at which work is underway are: Upper One (35,500 sqm), V Tower (30,700 sqm) and Studio A (24,000 sqm).<\/p>\n\n

\n

A lower volume of investment under construction could mean limited availability of modern space in the next 2-3 years, especially in top locations. According to our analysis, up to 250,000 sqm of new space could be built by 2027. Such a low level of new supply is good news for owners of top office buildings, who will be able to count on increased interest in their investments. <\/em> Older projects in very good locations will re-enter the game. One example is the well-known Atrium 1 office building at the UN traffic circle, which has undergone extensive modernization and, after rebranding, has turned into Wise Point and offers more than 18,000 sq. m. of leasable space <\/em><\/p>\nsays Daniel Czarnecki<\/strong>, Head of Landlord Representation, Savills.<\/cite><\/blockquote>\n\n

STABLE TENANT ACTIVITY, SHARE OF RENEGOTIATIONS DECREASES<\/strong><\/h3>\n\n

Total gross demand in the first half of the year amounted to 301,400 sqm, registering a slight decline of around 5% compared to the same period a year ago. Central zones accounted for 55% of the demand, with the largest number of contracts concluded in the Centrum zone (102,800 sqm) and S\u0142u\u017cewiec (72,800 sqm). The authors of the report emphasize that the structure of demand has changed compared to the first half of the previous year - new contracts accounted for 47% of the volume, renegotiations dropped to 43%, and pre-leases accounted for only 2%. Expansions accounted for 8% of signed contracts.<\/p>\n\n

VACANCIES DOWN IN THE CENTER, UP OUTSIDE IT<\/strong><\/h3>\n\n

At the end of the first half of the year, there were 682,700 sqm of offices available for lease across the city, and the vacancy rate stood at 10.8%, down 10 bps y\/y. In the center, the availability of space decreased to 7.8% (down 130 bps y\/y), while in non-center zones it increased to 13.3% (up 100 bps y\/y). The largest amount of vacant space is in S\u0142u\u017cewiec (223,900 sqm), in the Center zone (155,800 sqm) and along the Jerozolimskie Avenue corridor (87,100 sqm). These three zones account for almost 70% of the vacant offices in Warsaw. <\/p>\n\n

RENTS AND SERVICE CHARGES: HIGH QUALITY FOR THE PRICE<\/strong><\/h3>\n\n

Asking rents for prime space in the center range from 22.50 to 26.00 EUR\/sq.m.\/month, with a possible increase to 28.00 EUR\/sq.m.\/month for premium space under construction. In non-central zones, rates for A-class projects range from 14.00 to 18.00 EUR\/sq.m.\/month. Service charges reach as high as PLN 40\/sq.m.\/month.<\/p>\n\n

TRENDS FOR THE COMING QUARTERS: MODERNIZATION, CONVERSIONS AND SELECTIVE DEMAND<\/strong><\/h3>\n\n

In the coming quarters, the key developments shaping the Warsaw office market will be conversions, upgrades and deepening quality selection of space by tenants.<\/p>\n\n

\n

More and more owners of older buildings, even those in central locations, are looking into changing their function, primarily to residential use. At the same time, some older office buildings are undergoing comprehensive modernization or repositioning in order to compete with modern projects in terms of technical standard and attractiveness to tenants <\/em><\/p>\nsays Wioleta Wojtczak<\/strong>, Head of Reaserch, Savills.<\/cite><\/blockquote>\n\n

Download report: Savills MiM Warsaw Office H1 2025<\/a><\/p>\n\n

<\/p>\n","post_title":"Warsaw office market in H1 2025: more new space, fewer developments under construction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warsaw-office-market-in-h1-2025-more-new-space-fewer-developments-under-construction","to_ping":"","pinged":"","post_modified":"2025-08-27 13:58:42","post_modified_gmt":"2025-08-27 11:58:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/warsaw-office-market-in-h1-2025-more-new-space-fewer-developments-under-construction","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11757,"post_author":"2","post_date":"2025-04-24 12:03:16","post_date_gmt":"2025-04-24 10:03:16","post_content":"\n

RESOURCE STRUCTURE<\/strong><\/h3>\n\n

At the end of March, the total office stock of the eight major regional cities stood at 6.76 million sqm. The most developed markets remain Krakow, Wroclaw and the Tri-City, which together concentrate 63% of the stock. Each of these cities has more than 1 million sq. m. of modern space. Katowice, Pozna\u0144 and \u0141\u00f3d\u017a together account for 31% of the resources, while Lublin and Szczecin account for the remaining 6%. <\/p>\n\n

Less than 203,000 sqm remains under construction, down 26% from a year ago. By comparison, annual average volumes from 2015-2019 reached 908,000 sqm, and from 2020-2024 - 522,000 sqm. Such a pronounced reduction in new investments may result in a further decline in available space in the coming quarters, and thus also in a reduction in leasing options for tenants.<\/p>\n\n

PUSTOSTANS<\/strong><\/h3>\n\n

At the end of March, the regions had 1.18 million sq. m. of vacant space, translating into an average vacancy rate of 17.5% (down 0.3 p.p. y\/y). Five cities had vacancy rates of at least 15%, and these were \u0141\u00f3d\u017a (22.3%), Katowice (21.1%), Wroc\u0142aw (20.4%), Krak\u00f3w (14.6%) and Pozna\u0144 (15.0%). Space availability was lower in the remaining cities, with the rate between 8% in Szczecin and 12.6% in the Tri-City. <\/p>\n\n

\n

- Limited supply puts landlords in a fairly comfortable position, as it potentially opens up room for rental growth in the near term. Nevertheless, with the current high vacancy rate and strong competition, successful commercialization today requires extremely active efforts to attract and retain tenants <\/em><\/p>\nDaniel Czarnecki<\/strong>, Head of Landlord Representation, Office Agency, Savills.<\/cite><\/blockquote>\n\n

DEMAND AND SECTORS DRIVING THE MARKET<\/strong><\/h3>\n\n

Despite scant new supply, demand in regional cities remained strong, reaching 176,900 sqm in the first quarter. This is 27% better than a year ago and 17% above the average for the first quarters of 2020-2024. Tenants were particularly active in Krakow (56,600 sq m) and Wroclaw (43,800 sq m). Higher gross demand than in the same period last year was also recorded in the Tri-City, Katowice, Pozna\u0144 and Lublin. <\/p>\n\n

Four industries - IT, business services, manufacturing and finance - generated a total of 58% of total demand. The IT sector had the largest share (18%), just ahead of business services (16%), manufacturing (14%) and finance (10%). 5% went to flex office operators, who chose to expand their business in the regions. The structure of transactions shows that almost half of the volume was accounted for by renegotiations of existing contracts (48%), while new contracts accounted for 41%. In addition, there was an 8% share of expansions and 3% of pre-leases. <\/p>\n\n

\n

- The average regional vacancy rate is still around 18%, which may give a false sense of comfort, but with historically low new supply, this \u201ccushion\u201d may shrink faster than it seems. Companies planning to expand or relocate should therefore book space well in advance and finalize contracts quickly to secure the best locations and terms <\/em>- <\/p>\nJaroslaw Pilch<\/strong>, Head of Tenant Representation, Office Agency, Savills.<\/cite><\/blockquote>\n\n

RENTS AND OPERATING COSTS<\/strong><\/h3>\n\n

Base rates in A-class office buildings in the regions were between EUR 12.00 and EUR 17.00\/sqm\/month. The highest rents are in Pozna\u0144 (up to EUR 17), followed closely by Krak\u00f3w and Wroc\u0142aw (up to EUR 16.50). Maintenance fees, as a rule, do not exceed 37 PLN\/sq.m.\/month, although their amount depends mainly on the efficiency of the building.<\/p>\n\n

PERSPECTIVES<\/strong><\/h3>\n\n
\n

- By the end of 2027, developers say they will have delivered up to 475,000 sq. m. of new space. The vast majority of this space may not hit the market until the final year of the forecast. Much, however, depends on market conditions, i.e. further decline in office availability, increased tenant activity and access to financing for projects, among others <\/em>-<\/p>\n comments Wioleta Wojtczak<\/strong>, Head of Research, Savills.<\/cite><\/blockquote>\n\n

The current market situation favors owners of the best-located and sustainable buildings, but at the same time raises the bar for planned projects - only those of the highest standard, well connected and with confirmed demand in the form of pre-leases - will have a chance for commercialization.<\/p>\n\n

Download the report: Savills MiM Office Regions Q1 2025<\/a><\/p>\n","post_title":"Regional offices under pressure from limited supply","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-offices-under-pressure-from-limited-supply","to_ping":"","pinged":"","post_modified":"2025-08-27 14:08:02","post_modified_gmt":"2025-08-27 12:08:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/regional-offices-under-pressure-from-limited-supply","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20098,"post_author":"2","post_date":"2025-01-17 14:25:59","post_date_gmt":"2025-01-17 13:25:59","post_content":"\n

The reduction in supply, already observed in 2023-2024, coupled with increasing pressure to modernize office space, is expected to affect the priorities of tenants and investors. The market is outlining the need to redefine the office as a space that fosters collaboration and creativity, but also generates savings. <\/p>\n\n

Cautious developers and a supply gap<\/strong><\/h3>\n\n

A limited supply of new office space will be a key challenge for the Warsaw market, where total space already stands at 6.29 million sqm and demand remains high at 740,200 sqm. In 2024, 104,400 sqm of new office space was delivered, and despite an increase of more than 71% compared to the previous year, the volume of space delivered remains below the historical average. New supply was concentrated in projects located in central zones (83%), with the majority located in the subzone delineated around Daszy\u0144ski Roundabout (Western Center). Key new developments include The Form (29,400 sqm), the next phase of the Lixa project (buildings D and E, 26,300 sqm) and Vibe A (15,000 sqm). <\/p>\n\n

Developer activity in Warsaw remains limited, as can be seen by the low volume of office space under construction. It is currently less than 230,000 sqm, down 14% from last year. In addition, only two projects, totaling 21,000 sqm, are being developed outside the city center.<\/p>\n\n

The second half of 2024 has seen an increase in tenant interest and significant pre-let transactions, which, combined with the low level of new supply over the past two years and the limited number of projects under construction, herald a further supply deficit in the coming years and possible difficulties in meeting demand. As a result, rents in the most attractive locations are expected to rise, prompting companies to make faster leasing decisions to secure strategic spaces. Savills experts forecast that less than 400,000 sqm of new space could be built between 2025 and 2027, strengthening the supply gap in the market. <\/p>\n\n

\n

- The office market in Warsaw is entering a period that will be defined by limited resources. The supply gap over the next two years will increase competition for the best space. Tenants, in order to guarantee their access to modern offices, must act in advance and develop thoughtful strategies in cooperation with advisors. In turn, it will be a challenge for developers and investors to balance financial constraints with the need to respond flexibly to the changing needs of tenants <\/em> -<\/p>\n says Daniel Czarnecki, Head of Landlord Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n

Renegotiation an important trend<\/strong><\/h3>\n\n

Total tenant activity in Warsaw's office market in 2024 amounted to about 740,200 sqm, down slightly from last year's figure. In contrast to 2023, the majority of space (53.4%) was leased in total in non-central office zones of the city. The most space was leased in the Center (nearly 200,000 sqm) and Sluzewiec (about 143,000 sqm) zones. The barrier of over 100,000 sqm of leased space was also exceeded by the COB zone (146,100 sqm) and the Jerozolimskie Avenue corridor (113,700 sqm).<\/p>\n\n

In 2024 in Warsaw, lease renegotiations accounted for as much as 46% of all transactions. New agreements, including transactions of the type for the owners' own use, accounted for 40% of the total demand, while so-called pre-leases and expansions accounted for 7% each. During the period under review, there were eight transactions for space exceeding 10,000 sqm, with a total area of nearly 111,100 sqm. The four largest were concluded by tenants from the financial sector, including Santander Bank's pre-let at The Bridge (24,500 sqm) and renegotiations by a confidential client at Atrium Garden (13,900 sqm), Bank Gospodarstwa Krajowego at Varso Place 2 (13,600 sqm) and Citi Bank Services at T-Mobile Office Park (13,100 sqm). In addition, in S\u0142u\u017cewiec, a confidential tenant from the logistics sector decided to renegotiate its contract at Domaniewska Office Hub (13,000 sqm). The authors of the report note that the financial (19%), business services and manufacturing (13% each) and IT (11%) sectors were the most active. The public sector also became a significant player, generating more than 6% of demand.<\/p>\n\n

\n

- The current market situation favors landlords, especially for large new spaces. High adaptation costs and limited supply of space mean that for many companies the optimal solution will be to extend existing contracts under new terms. Building owners will have to be flexible both in terms of the length of the contract and support in refreshing the space they occupy. On the other hand, tenants who decide to relocate should expect longer contracts of 7 or even 10 years, especially in new projects <\/em> \u2013 <\/p>\nsays Jaroslaw Pilch, Head of Tenant Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n

Stable rents and vacancies<\/strong><\/h3>\n\n

Asking rents for prime offices in Warsaw in 2024 remained stable. In the Central Business District (COB), the average price remained at 22.50-26.00 EUR\/sq.m.\/month, while the most attractive spaces, mainly in projects under construction, reached rates of up to 28.00 EUR\/sq.m.\/month. In S\u0142u\u017cewiec, rents rose slightly, to 13.25-15.00 EUR\/sq.m.\/month, which was mainly due to higher finishing costs.<\/p>\n\n

At the end of 2024, the vacancy rate in the Warsaw office market was 10.6%, a slight increase of about 20 basis points compared to the previous year. In central zones, the rate was much lower (8.8%), while in non-central zones it was 12%. The largest amount of available office space is located in S\u0142u\u017cewiec (207,800 sqm) and the Centrum zone (150,300 sqm). <\/p>\n\n

\n

- The high vacancy rate in Warsaw can be misleading. While there is no shortage of office space in Warsaw, its fragmentation and lack of large, cohesive spaces pose a challenge for tenants looking for more space. Companies planning to expand and grow their workforce or relocate should act in advance and consider alternatives, such as adapting existing buildings or negotiating with developers early on in the design stage <\/em> \u2013 <\/p>\nsays Jaroslaw Pilch, Head of Tenant Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n

Growing importance of flexible and ready offices<\/strong><\/h3>\n\n

Flexible office solutions, including serviced offices and coworking spaces, as well as office spaces prepared by property owners, are gaining in popularity all the time. Ready-made modules allow companies to start operations without lengthy adaptation processes, which is particularly attractive for smaller entities. Flex office, hot-desking and coworking solutions allow space to be quickly adapted to dynamically changing business needs. <\/p>\n\n

Operators of flexible office space in Warsaw leased 28,600 sqm in 16 locations, a year-on-year increase of almost 70%. The most active player was The Shire - Beyond Coworking, which managed to lease more than 9400 sqm in 5 locations. At the end of the year, the capital offered 208,200 sqm of coworking space in 87 locations with more than 25,000 workstations. 70% of the space occupied by flex operators was located in the center. This year, the flex office offer will expand by at least 5,200 sqm of new space, which is currently under development. The authors of the report emphasize that Warsaw coworking spaces are diverse in size, with the average area of such an office being 2,400 sqm. <\/p>\n\n

Hybrid work model and human-centered design<\/strong><\/h3>\n\n

In the current market situation, where employees are empowered and able to work remotely, companies need to create comfortable and attractive workspaces to encourage teams to stay in the office on a regular basis. Jaroslaw Pilch<\/strong> points out that if office space does not meet employees' expectations, there is a risk of losing top talent and valuable professionals. - Modern offices are moving away from classic \"open space\" to creative spaces, with more emphasis on meeting areas, project rooms and relaxation zones<\/em>, the Savills expert adds. <\/p>\n\n

Stronger focus on sustainable solutions<\/strong><\/h3>\n\n

Sustainable approaches to property design and management will play an increasingly important role. Tenants and investors will focus on buildings with green certifications, such as BREEAM or LEED, also due to the growing importance of energy efficiency. The use of green technologies will not only reduce CO2 emissions, but also optimize operating costs, which is becoming one of the key elements in tenants' decision-making. <\/p>\n\n

Summary<\/strong><\/h3>\n\n

According to Savills experts, 2025 will bring challenges and opportunities for the office real estate sector. Redefinition of workspace, investment in smart building management technologies and well-planned office strategies, emphasis on cost efficiency and sustainable solutions will shape the future market landscape. For tenants, decisions based on long-term forecasts and a deep understanding of the changing needs of employees in the context of what the Warsaw market will offer in the next 2-3 years will prove crucial. <\/p>\n\n

Download the report: Warsaw Office Report. <\/a> <\/p>\n","post_title":"Summary of 2024 and Key Outlook for 2025 for the Warsaw Office Real Estate Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"summary-of-2024-and-key-outlook-for-2025-for-the-warsaw-office-real-estate-market","to_ping":"","pinged":"","post_modified":"2026-01-16 09:31:14","post_modified_gmt":"2026-01-16 08:31:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/summary-of-2024-and-key-outlook-for-2025-for-the-warsaw-office-real-estate-market","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"wstep":"

Consulting firm Savills has summarized the three quarters of the year in the region’s eight key office markets in its “Market in Minutes – Regional Office Market” report. During that time, only 76,000 sqm of space was completed, 76% lower than last year’s figure. Despite this, the vacancy rate stabilized at 17.3%, indicating that demand and supply are moving toward balance. <\/p>\n","spis_tresci":"