The Polish Chamber of Commercial Real Estate (PINK) has published aggregated data on the Warsaw office leasing market for the fourth quarter of 2025. The data is sourced from real estate advisory firms operating in the commercial property market, including Avison Young, Axi Immo, BNP Paribas Real Estate Poland, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska and Savills. The information covers modern office stock, newly completed projects, leasing transaction volumes, and the amount of vacant space.
As of the end of December 2025, Warsaw’s modern office stock totalled nearly 6,232,400 sq m.
No new modern office space was delivered to the Warsaw market in the fourth quarter of 2025.
By the end of Q4 2025, the vacancy rate in Warsaw stood at 9.1%, representing a decrease of 0.6 percentage points quarter-on-quarter and a decline of 1.5 percentage points compared with the same period in 2024. Total available office space amounted to 564,700 sq m. In central zones, the vacancy rate was 6.1%, while outside the city centre it reached 11.6%.
In the fourth quarter of 2025, demand for modern office space in Warsaw reached nearly 309,900 sq m, marking the highest quarterly level ever recorded since market monitoring began. During the period analysed, the Central Business District and Służewiec were the most popular locations among tenants.
Between the beginning of October and the end of December 2025, renegotiations accounted for the largest share of demand. The remaining 0.3% consisted of owner-occupier transactions.
Source: CEO.com.pl
