{"id":20098,"date":"2025-01-17T14:25:59","date_gmt":"2025-01-17T13:25:59","guid":{"rendered":"https:\/\/savills.przemeknova.usermd.net\/summary-of-2024-and-key-outlook-for-2025-for-the-warsaw-office-real-estate-market"},"modified":"2026-01-16T09:31:14","modified_gmt":"2026-01-16T08:31:14","slug":"summary-of-2024-and-key-outlook-for-2025-for-the-warsaw-office-real-estate-market","status":"publish","type":"post","link":"https:\/\/dev.officemarket.pl\/en\/summary-of-2024-and-key-outlook-for-2025-for-the-warsaw-office-real-estate-market","title":{"rendered":"Summary of 2024 and Key Outlook for 2025 for the Warsaw Office Real Estate Market"},"content":{"rendered":"\n<p>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<h3 class=\"wp-block-heading\" id=\"Ostro\u017cni-deweloperzy-i-luka-poda\u017cowa\"><strong>Cautious developers and a supply gap<\/strong><\/h3>\n\n<p>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<p>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<p>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<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8211;  <em>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> &#8211;<\/p>\n<cite>  says <strong>Daniel Czarnecki, Head of Landlord Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n<h3 class=\"wp-block-heading\" id=\"Renegocjacje-wa\u017cnym-trendem\"><strong>Renegotiation an important trend<\/strong><\/h3>\n\n<p>Total tenant activity in Warsaw&#8217;s office market in 2024 amounted to about 740,200 sqm, down slightly from last year&#8217;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<p>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&#8217; 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&#8217;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<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8211;  <em>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>\n<cite>says <strong>Jaroslaw Pilch, Head of Tenant Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n<h3 class=\"wp-block-heading\" id=\"Stabilne-czynsze-i-pustostany\"><strong>Stable rents and vacancies<\/strong><\/h3>\n\n<p>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<p>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<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8211; 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>\n<cite>says <strong>Jaroslaw Pilch, Head of Tenant Representation, Savills Poland.<\/strong><\/cite><\/blockquote>\n\n<h3 class=\"wp-block-heading\" id=\"Rosn\u0105ce-znaczenie-elastycznych-i-gotowych-biur\"><strong>Growing importance of flexible and ready offices<\/strong><\/h3>\n\n<p>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<p>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 &#8211; 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<h3 class=\"wp-block-heading\" id=\"Hybrydowy-model-pracy-i-projektowanie-zorientowane-na-cz\u0142owieka\"><strong>Hybrid work model and human-centered design<\/strong><\/h3>\n\n<p>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. <strong>Jaroslaw Pilch<\/strong> points out that if office space does not meet employees&#8217; expectations, there is a risk of losing top talent and valuable professionals. &#8211; <em>Modern offices are moving away from classic &#8220;open space&#8221; to creative spaces, with more emphasis on meeting areas, project rooms and relaxation zones<\/em>, the Savills expert adds. <\/p>\n\n<h3 class=\"wp-block-heading\" id=\"Silniejszy-nacisk-na-zr\u00f3wnowa\u017cone-rozwi\u0105zania\"><strong>Stronger focus on sustainable solutions<\/strong><\/h3>\n\n<p>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&#8217; decision-making.  <\/p>\n\n<h3 class=\"wp-block-heading\" id=\"Podsumowanie\"><strong>Summary<\/strong><\/h3>\n\n<p>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<p>Download the report: <a href=\"https:\/\/pdf.euro.savills.co.uk\/poland\/pl-research\/savills-mim-warsaw-office-market-total-2024.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Warsaw Office Report. <\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Cautious developers and a supply gap A [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1271,"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-20098","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&#038;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&#038;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":"<!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"ROSN&#x104;CE-ZASOBY-W-CENTRUM,-WYSOKA-JAKO&#x15A;&#x106;-MA-ZNACZENIE\"><strong>GROWING RESOURCES AT CENTER, HIGH QUALITY MATTERS<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><em>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>\n<!-- \/wp:paragraph --><cite>comments <strong>Jaroslaw Pilch<\/strong>, Head of Tenant Representation, Savills.<\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"NOWA-PODA&#x17B;-RO&#x15A;NIE,-ALE-INWESTYCJI-W-BUDOWIE-CORAZ-MNIEJ\"><strong>NEW SUPPLY ON THE RISE, BUT INVESTMENT UNDER CONSTRUCTION IS GETTING SCARCE<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><em>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> <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>\n<!-- \/wp:paragraph --><cite>says <strong>Daniel Czarnecki<\/strong>, Head of Landlord Representation, Savills.<\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"STABILNA-AKTYWNO&#x15A;&#x106;-NAJEMC&#xD3;W,-SPADA-UDZIA&#x141;-RENEGOCJACJI\"><strong>STABLE TENANT ACTIVITY, SHARE OF RENEGOTIATIONS DECREASES<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"PUSTOSTANY-W-D&#xD3;&#x141;-W-CENTRUM,-W-G&#xD3;R&#x118;-POZA-NIM\"><strong>VACANCIES DOWN IN THE CENTER, UP OUTSIDE IT<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"CZYNSZE-I-OP&#x141;ATY-EKSPLOATACYJNE:-WYSOKA-JAKO&#x15A;&#x106;-W-CENIE\"><strong>RENTS AND SERVICE CHARGES: HIGH QUALITY FOR THE PRICE<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"TRENDY-NA-NAJBLI&#x17B;SZE-KWARTA&#x141;Y:-MODERNIZACJA,-KONWERSJE-I-SELEKTYWNY-POPYT\"><strong>TRENDS FOR THE COMING QUARTERS: MODERNIZATION, CONVERSIONS AND SELECTIVE DEMAND<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>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<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><em>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>\n<!-- \/wp:paragraph --><cite>says <strong>Wioleta Wojtczak<\/strong>, Head of Reaserch, Savills.<\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Download report: <a href=\"https:\/\/pdf.euro.savills.co.uk\/poland\/pl-research\/savills-mim-office-warsaw-h1-2025.pdf\">Savills MiM Warsaw Office H1 2025<\/a><\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->","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":11759,"post_author":"2","post_date":"2025-04-16 12:11:02","post_date_gmt":"2025-04-16 10:11:02","post_content":"<!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"WZROST-POPYTU-I-ROSN&#x104;CE-ZAINTERESOWANIE-KLUCZOWYMI-LOKALIZACJAMI\"><strong>INCREASED DEMAND AND GROWING INTEREST IN KEY LOCATIONS<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>At the end of March, the total supply of modern office space in the capital amounted to 6.27 million sq m, with almost half concentrated in central locations \u2013 including 1.01 million sq m in the Central Business District (CBD). It is precisely the central areas that remain the main point of tenant activity. They account for nearly 101,000 sq m of the total transaction volume of over 160,500 sq m. Tenant activity in Warsaw was 16% higher compared to the first quarter of 2024.<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Low new supply also affected the level of net absorption, which despite more than doubling compared to the same quarter of the previous year, reached only 12,200 sq m, or 1\/3 of the average net absorption from the first quarters of 2020-2024.<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>In the demand structure, new lease agreements dominate with a 61% share, while renegotiations recorded a significant drop from 36% in Q1 2024 to 25% currently, which indicates a positive market situation and signals that overall demand for office space this year may reach a satisfactory level. Expansion agreements and pre-leases had shares of 9% and 5% respectively.  <\/p>\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"CENTRALNE-LOKALIZACJE-Z-NISKIM-WSKA&#x179;NIKIEM-PUSTOSTAN&#xD3;W\"><strong>CENTRAL LOCATIONS WITH LOW VACANCY RATES<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>The vacancy rate in all of Warsaw decreased to 10.5%, while in central office locations it fell to 7.4%. For comparison, outside the center it was 13.0%. With no new supply and a decreasing number of square meters under construction (212,000 sq m, which is 27% less y\/y), the quality and location of office buildings are gaining increasing importance. As much as 93% of newly constructed offices are being developed precisely in central districts with convenient access to public transport and space of the highest standard.   <\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Among the largest investments that will supply the market in the coming years are The Bridge (Ghelamco, 52,000 sq m, opening in the coming months), Upper One (Strabag, 35,000 sq m, planned opening in Q4 2026) and Office House (Echo Investment, 31,000 sq m, planned opening in Q2 2025). <\/p>\n<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>-  <em>We estimate that in an optimistic scenario, by the end of 2027, the capital's market will be supplied with approximately 340,000 sq. m. offices. The pace at which new supply will be delivered will be influenced by several factors, among which project financing security and the degree of pre-lease agreements will play an important role <\/em>  \u2013  <\/p>\n<!-- \/wp:paragraph --><cite>m\u00f3wi&nbsp;<strong>Daniel Czarnecki, Head of Landlord Representation, Savills.<\/strong><\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Rents in prestigious office buildings in the center remain at the level of EUR 22.50\u201326.00\/sq m\/month, with rental costs for the best properties potentially exceeding EUR 27\/sq m\/month. In the S\u0142u\u017cewiec area, rates remain competitive and range from EUR 13.25 to 15.00\/sq m\/month. In the context of decreasing availability of high-class offices and limited new supply, pressure for rent increases is anticipated.<\/p>\n<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><em>\u2013 Although the beginning of the year brought caution in implementing new projects, this very moment creates space for redefining the approach to office functions. We observe growing interest in spaces that not only meet companies' operational needs but also support organizational culture and team engagement building. Flexible office spaces such as flex and comfortable coworking spaces are becoming popular, meeting the requirements of new generations of workers. In the coming quarters, those who can combine location with the ability to adapt to new trends will gain an advantage \u2013   <\/em><\/p>\n<!-- \/wp:paragraph --><cite><em>&nbsp;<\/em>komentuje&nbsp;<strong>Jaros\u0142aw Pilch, Head of Tenant Representation, Savills.<\/strong><\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\" id=\"OGRANICZONA-PODA&#x17B;,-ALE-Z-PROJEKTAMI-UKIERUNKOWANYMI-NA-JAKO&#x15A;&#x106;\"><strong>LIMITED SUPPLY, BUT WITH QUALITY-FOCUSED PROJECTS<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Although the market still faces challenges such as limited developer activity and rising tenant expectations, data from the first quarter indicates progressive stabilization. Supply rationalization, gradual decline in vacancy rates, and strong interest in the best locations and high standards are symptoms that may positively impact the office sector in the coming months. <\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Download report: <a href=\"https:\/\/pdf.euro.savills.co.uk\/poland\/pl-research\/savills-mim-warsaw-office-q1-2025.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Warsaw Office Report Q1 2025<\/a> <\/p>\n<!-- \/wp:paragraph -->","post_title":"Warsaw Office Market Shows Signs of Stabilization and Selective Growth","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warsaw-office-market-shows-signs-of-stabilization-and-selective-growth","to_ping":"","pinged":"","post_modified":"2025-08-27 14:09:58","post_modified_gmt":"2025-08-27 12:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/warsaw-office-market-shows-signs-of-stabilization-and-selective-growth","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20104,"post_author":"2","post_date":"2025-02-11 14:02:00","post_date_gmt":"2025-02-11 13:02:00","post_content":"<!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\"><strong>MODERN SPACE AND FULL SERVICE<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Fully equipped private office modules under the banner of The Shire - Beyond Coworking have been operating in the complex, located in Wilanow Fields and owned by Polski Holding Nieruchomo\u015bci, since January. The tenants have at their disposal: conference and meeting rooms equipped with video conferencing systems, rooms for quiet individual work and phone booths for calls. Those working at 15 Branickiego Street can also enjoy open common spaces, ideal for relaxation or integration, holding less formal meetings, but also for regular work. The location in Warsaw's Wilan\u00f3w district also offers reception services.    <\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>An advantage of the Wilan\u00f3w complex, which houses serviced offices, is the low height of the buildings and the greenery surrounding the office buildings. This makes Wilan\u00f3w Office Park more likely to be associated with a quiet office campus in the suburbs than with a metropolitan office district. A new advantage of this location, especially for employees using public transportation, is the streetcar line that has been put into operation.  <\/p>\n<!-- \/wp:paragraph --><!-- wp:quote {\"translatedWithWPMLTM\":\"1\"} -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>-  <em>The new location of The Shire - Beyond Coworking in Wilan\u00f3w is another strategic step in the development of our network in Poland. We are seeing a growing demand for flexible office solutions in this district of Warsaw. In cooperation with PHN - the owner of the building, we will manage more than 3,000 sqm of fully equipped and serviced office space on two floors, offering more than 300 workstations in a variety of private offices   <\/em>  \u2013  <\/p>\n<!-- \/wp:paragraph --><cite><strong>Oskar Odziemczyk<\/strong>, managing partner at The Shire - Beyond Coworking.<\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Wilan\u00f3w is the third location of The Shire - Beyond Coworking in Warsaw. Since the end of 2023, offices with the company's logo have been operating in a building on Malachowski Square, and since April 2024, also in the Warsaw Spire office tower. At the end of last year, the operator announced the launch of another location in the capital. In March, flexible premium offices will appear in a modernized building at 37 Pozna\u0144ska Street. The operator is also present in Wroc\u0142aw and Krak\u00f3w.        <\/p>\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\"><strong>MANAGEMENT AGREEMENT FORMULA<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><strong>The Shire - Beyond Coworking<\/strong>, since June last year, <strong>has been assisted <\/strong>in the negotiation, construction and signing of the agreement under the management agreements formula by a <strong>team of Savills advisors, <\/strong>led by<strong> Thomas Jodar <\/strong>(Head of Workthere Poland)<strong> and Karol Grejbus <\/strong>(Associate Director, Office Agency Tenant Representation). The formula of the contract, which is not a simple lease agreement, means that the offices will be jointly managed by property owner PHN and The Shire - Beyond Coworking. The operator of the flexible coworking spaces will focus on guaranteeing comfortable day-to-day office operations. It will take care of, among other things: technical service, security, Internet and cleaning, as well as reception and coffee service.<\/p>\n<!-- \/wp:paragraph --><!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>-  <em>It was a real pleasure to work with The Shire - Beyond Coworking on this project. We are especially pleased that we were able to support a non-standard agreement in which the owner and operator manage the location together. The formula of management agreements is gaining popularity, because it brings benefits to both parties: operators operate more flexibly and do not involve a lot of capital, while owners have the chance for higher revenues and the added value of having a flex operator presence in the building  <\/em>  \u2013  <\/p>\n<!-- \/wp:paragraph --><cite><strong>Thomas Jodar<\/strong>, Head of Workthere Poland, Savills.<\/cite><\/blockquote>\n<!-- \/wp:quote --><!-- wp:heading {\"level\":3,\"translatedWithWPMLTM\":\"1\"} -->\n<h3 class=\"wp-block-heading\"><strong>PREMIUM AND COMPREHENSIVE SERVICES<\/strong><\/h3>\n<!-- \/wp:heading --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>The Shire - Beyond Coworking stands out for its boutique approach to office arrangements, geared toward mature businesses and companies that value prestige. In addition to flexible contracts and full service, the operator offers a marketplace solution, allowing access to services in the areas of IT, HR, recruitment, legal assistance or marketing. <\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>The spaces of The Shire - Beyond Coworking are designed to support motivation and creativity, while guaranteeing full functionality. In this way, the office becomes a place where you want to be and which provides optimal conditions for business development. <\/p>\n<!-- \/wp:paragraph -->","post_title":"The Shire - Beyond Coworking debuts in Wilan\u00f3w district","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"the-shire-beyond-coworking-debuts-in-wilanow-district","to_ping":"","pinged":"","post_modified":"2026-01-16 09:33:59","post_modified_gmt":"2026-01-16 08:33:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/the-shire-beyond-coworking-debuts-in-wilanow-district","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"wstep":"<p>Commercial real estate advisory firm Savills has published its latest &#8220;Warsaw Office Market 2024&#8221; report, summarizing 2024 and presenting key forecasts for the coming months for the Warsaw office real estate sector. According to experts, 2025 will be a period of dynamic change, driven by the supply gap, rising rents and the growing importance of flexible solutions and sustainable approaches to property design and management. <\/p>\n","spis_tresci":"<ul>\n<li><a href=\"#Ostro%C5%BCni-deweloperzy-i-luka-poda%C5%BCowa\">Cautious developers and a supply gap<\/a><\/li>\n<li><a href=\"#Renegocjacje-wa%C5%BCnym-trendem\">Renegotiation an important trend<\/a><\/li>\n<li><a href=\"#Stabilne-czynsze-i-pustostany\">Stable rents and vacancies<\/a><\/li>\n<li><a href=\"#Rosn%C4%85ce-znaczenie-elastycznych-i-gotowych-biur\">Growing importance of flexible and ready offices<\/a><\/li>\n<li><a href=\"#Hybrydowy-model-pracy-i-projektowanie-zorientowane-na-cz%C5%82owieka\">Hybrid work model and human-centered design<\/a><\/li>\n<li><a href=\"#Silniejszy-nacisk-na-zr%C3%B3wnowa%C5%BCone-rozwi%C4%85zania\">Stronger focus on sustainable solutions<\/a><\/li>\n<li><a href=\"#Podsumowanie\">Summary<\/a><\/li>\n<\/ul>\n"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Summary of 2024 and Key Outlook for 2025 for the Warsaw Office Real Estate Market - Officemarket.pl by Savills<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Summary of 2024 and Key Outlook for 2025 for the Warsaw Office Real Estate Market - Officemarket.pl by Savills\" \/>\n<meta property=\"og:description\" content=\"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. 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