The Polish Chamber of Commercial Real Estate (PINK) has published figures on office market in Warsaw for Q1 2026. The data is sourced from advisory companies from the commercial real estate sector (Avison Young, Axi Immo, BNP Paribas Real Estate Poland, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.
As of the end of March 2026, total modern office stock in Warsaw accounted for almost 6,277,700 sqm.
In Q1 2026, two new buildings were completed: Studio A by Skanska and Vena by PHN. Additionally, Powiśle Nieruchomości has completed the renovation of Przemysłowa 26a. In total 42,900 sqm of new office space was delivered to the capital city market. For comparison, in the first quarter of 2025, 5,600 sqm of modern office space was delivered to the Warsaw market (single project, the CD Projekt office building).
At the end of Q1 2026, the vacancy rate in Warsaw reached 9.5% (up by 0.4 pp. compared to the previous quarter and down by 1 pp. on annual basis). Total vacant office space amounted to 597,100 sqm. Vacancy levels reached 6.5% in central zones and 12.2% outside the city centre.
In Q1 2026, total demand for modern office space reached 133,800 sqm. The most popular areas of tenant’s interest were City Centre and Służewiec.
Between January and March 2026, new leases (including pre-lease agreements) accounted for the largest share of demand – 51%, while renegotiations represented 39%, and expansions 9%. Remaining 1% were owner occupier deals.
