An overview of the situation in the market for modern office space in Warsaw until the end of Q3 2025, including supply levels, developer activity, tenant demand, vacancy rates and rental trends in central and non-central zones.
Market in minutes: Warsaw Office Market Q3 2025
Report summary
Office stock reached 6.24 million sqm (+6% from 2020), with declining space under construction (<140,000 sq. ft. , -50% y/y) and the dominance of central locations. Demand amounted to approx. 487,000 sq. ft. (-2% y/y), mainly in the form of new contracts (47% ) and renegotiations (42%)
The vacancy rate fell to 9.7% (the lowest since 2020), and rents rose to EUR 22.50-27.00/m²/month in the center and EUR 14.00-18.50 outside, with operating costs above PLN 40/m²/month .
Key data
6,24 mln m²
Total Office Supply
138,300 m²
Total area under construction (50% year-on-year decrease)
88,700 m²
New supply (up 18% y/y)
9.7%
Vacancy rate (down 100 basis points y/y)
486,600 m²
Total take-up (740,200 in total 2024)
147,200 m²
Net absorption (up 189% y/y)
