The Polish Chamber of Commercial Real Estate (PINK) has published aggregated data on Warsaw’s office leasing market for the first quarter of 2026. The figures, compiled from leading advisory firms operating in the commercial real estate sector, cover the city’s stock of modern office space, new completions, leasing activity and vacancy levels.
By the end of March 2026, Warsaw’s total modern office stock had reached nearly 6.28 million square metres.
In the first quarter of the year, two new office buildings were delivered to the market: Studio A, developed by Skanska, and Vena, completed by Polski Holding Nieruchomości. In addition, the renovation of the Przemysłowa 26a building was finalised. Altogether, these projects brought 42,900 square metres of new office space to the market. This marks a significant increase compared with the same period in 2025, when only 5,600 square metres were delivered as part of a single project.
At the end of the first quarter of 2026, the vacancy rate in Warsaw stood at 9.5%. This represents an increase of 0.4 percentage points compared with the previous quarter, but a decrease of 1 percentage point year on year. The total volume of available office space amounted to 597,100 square metres. Vacancy levels remained considerably lower in central locations, at 6.5%, while in non-central areas they reached 12.2%.
Total demand for modern office space in the first quarter of 2026 amounted to 133,800 square metres. The highest level of tenant interest was recorded in the Centre and Służewiec zones.
In terms of leasing structure, new agreements, including pre-let contracts, accounted for 51% of total demand between January and March. Renegotiations represented 39%, while expansions made up 9%. The remaining 1% consisted of owner-occupied space.
Overall, the data indicates that Warsaw’s office market entered 2026 in relatively stable condition. The increase in new supply, following a very limited pipeline a year earlier, was accompanied by solid leasing activity. At the same time, the slight rise in vacancy suggests a gradual adjustment of the market rather than any significant imbalance. The continued gap between central and non-central vacancy levels highlights that tenants remain selective, with a clear preference for well-located, high-quality office space.
