Warsaw’s office market entered the second half of 2026 with a lower vacancy rate and strong tenant activity. At the end of the first six months of the year, the citywide office vacancy rate had fallen to 8.5%, according to the latest data from CBRE.
The trend is even more pronounced in central locations, where only 4.8% of office space remains available. Demand reached approximately 280,000 square metres in the second quarter, making it one of the strongest results ever recorded for this period of the year.
CBRE experts are observing a clear recovery in Warsaw’s office market. Companies are actively searching for modern space in the most attractive locations and are no longer postponing leasing decisions.
At the end of June 2026, Warsaw’s total stock of modern office space stood at 6.23 million square metres.
No new office buildings were completed during the second quarter. At the same time, seven properties with a combined area of approximately 44,000 square metres were withdrawn from the market, mostly because of planned changes in their use.
“Warsaw’s office market remains active. Tenants are no longer postponing leasing decisions,” says Aleksander Hofmann, Head of Office Tenant Representation in Warsaw at CBRE.
“We are seeing both a large number of lease renegotiations and new agreements, particularly in the most attractive locations. Limited new supply and strong interest from companies mean that the best office spaces are being leased quickly. As a result, office availability in central Warsaw is now at its lowest level for years.”
Fewer vacant offices in central Warsaw
At the end of the first half of 2026, the vacancy rate across Warsaw’s entire office market stood at 8.5%, down from 9.5% in the previous quarter.
The most sought-after locations are becoming increasingly difficult to access. The vacancy rate in central zones fell to 4.8%, compared with 11.8% outside the city centre.
Availability was particularly limited in the City Centre West office zone, commonly referred to as CCW, where only 3.6% of space remained vacant.
By comparison, the vacancy rate in Służewiec stood at 17%, demonstrating the substantial differences between individual parts of the Warsaw office market.
Tenants secure the best locations
Demand for office space reached approximately 280,000 square metres in the second quarter of 2026.
Total leasing volume for the first half of the year amounted to around 415,000 square metres, confirming that tenant activity remained high.
Lease renewals accounted for the largest proportion of demand, representing 52% of all transactions. New leases made up 44%, while expansions accounted for the remaining 4%.
The largest transaction of the second quarter was Frontex’s renewal of its lease for 21,500 square metres in the Spire B building.
Another major deal involved Visa, which leased 17,300 square metres in The Bridge office complex.
The highest number of agreements was signed in the City Centre West zone, which accounted for 37% of total demand.
Służewiec ranked second with a 22% share, followed by the Central Business District, or CBD, which represented 21% of leasing activity.
Public-sector institutions drive demand
Public-sector institutions were the most active tenant group during the second quarter, accounting for 20% of total demand.
This result was driven primarily by major transactions involving Frontex and Poczta Polska, the Polish postal operator.
Business services companies accounted for 15% of leased office space, while the banking sector represented 14%.
The figures indicate that demand in Warsaw is being supported by a broad range of tenants rather than by a single industry.
Limited new supply strengthens the position of prime offices
The absence of new office completions during the second quarter, combined with the withdrawal of older buildings, is reducing the amount of immediately available space.
This is particularly noticeable in central Warsaw, where companies are competing for modern, well-located offices.
Buildings offering high technical standards, strong public transport connections, energy efficiency and a wide range of amenities are finding tenants more quickly than properties in less attractive locations.
The growing difference between vacancy rates in central and non-central districts also shows that the market is becoming increasingly selective.
While tenants remain active, they are focusing primarily on modern office buildings in established business locations.
Warsaw’s office market enters a more competitive phase
The latest figures suggest that Warsaw’s office market is entering a period of stronger competition for prime space.
High leasing activity, limited new supply and the withdrawal of older properties are contributing to declining vacancy rates, especially in the city centre.
For tenants, this may mean a smaller choice of high-quality offices and the need to make decisions more quickly.
For owners of well-located modern buildings, the current market environment may strengthen negotiating positions and improve prospects for maintaining high occupancy levels.
