{"id":5299,"date":"2026-05-06T18:18:06","date_gmt":"2026-05-06T18:18:06","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=5299"},"modified":"2026-05-06T18:18:06","modified_gmt":"2026-05-06T18:18:06","slug":"regional-office-markets-in-poland-slow-down-as-vacancy-rates-rise-and-leasing-activity-falls-87822","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/regional-office-markets-in-poland-slow-down-as-vacancy-rates-rise-and-leasing-activity-falls-87822\/","title":{"rendered":"Regional Office Markets in Poland Slow Down as Vacancy Rates Rise and Leasing Activity Falls"},"content":{"rendered":"

The first quarter of 2026 brought stabilisation on the supply side and a marked slowdown in leasing activity across eight major regional office markets in Poland. Total modern office stock exceeded 6.76 million sqm; however, rising vacancy levels and lower tenant activity indicate that the market remains in a phase of adjustment to prevailing economic conditions. AXI IMMO, the largest Polish commercial real estate advisory firm, summarises the situation on regional office markets in Q1 2026.<\/strong><\/p>\n

At the end of March 2026, total modern office stock across Poland\u2019s eight key regional markets \u2013 Krak\u00f3w, Wroc\u0142aw, the Tri-City, Katowice, Pozna\u0144, \u0141\u00f3d\u017a, Lublin and Szczecin \u2013 amounted to 6,760,600 sqm. The largest markets continued to be Krak\u00f3w (1,851,100 sqm), Wroc\u0142aw (1,361,800 sqm) and the Tri-City (1,075,000 sqm).<\/p>\n

During the first three months of 2026, developers delivered five office projects with a total area of 47,200 sqm, confirming the ongoing limitation of new supply in regional cities. Nevertheless, projects completed by the end of Q1 2026 included Swobodna SPOT (Wroc\u0142aw, 14,600 sqm), Punkt (Gda\u0144sk, 12,700 sqm) and Fabryczna Office Park B7 (Krak\u00f3w, 8,400 sqm). Development activity remains selective and focused on projects best aligned with current market demand.<\/p>\n

Emilia Trofimiuk, Research Manager, Research and Analysis Department, AXI IMMO<\/strong>, explains: \u201cData for the first quarter of 2026 show that regional office markets are entering the year with limited new supply but still relatively high levels of available space. An elevated vacancy rate intensifies competition between buildings and requires greater flexibility <\/em>for<\/em> landlords.\u201d<\/em><\/p>\n

At the end of March 2026, approximately 1,178,300 sqm of immediately available office space was offered across the eight regional office markets, translating into an average vacancy rate of 17.4%. This represented an increase of 0.5 p.p. quarter-on-quarter, alongside a 0.1 p.p. decrease year-on-year. The highest vacancy rates were recorded in Katowice (22.1%) and Wroc\u0142aw (22.0%), while the lowest was noted in Szczecin (7.9%).<\/p>\n

On the take-up side, Q1 2026 saw a clear slowdown in tenant activity. Total leasing volume reached 121,500 sqm, marking a decline of 51% quarter-on-quarter and 30% year-on-year. The highest leasing volumes were recorded in the Tri-City (49,500 sqm), followed by Wroc\u0142aw (25,500 sqm) and Krak\u00f3w (16,700 sqm).<\/p>\n

Karolina S\u0142ysz, Head of Regional Markets, Office Agency, AXI IMMO<\/strong>, comments: \u201cThe decline in leasing volume on both a quarterly and annual basis confirms that tenants are approaching decision-making with greater caution. We observe a clear concentration of demand in prime locations and projects offering <\/em>high-quality<\/em> and competitive occupancy costs\u201d.<\/em><\/p>\n

The structure of take-up continued to be dominated by new leases, which accounted for 51% of total transaction volume. Lease renewals represented 37%, expansions accounted for 11%, while owner-occupier transactions comprised 1% of overall tenant activity.<\/p>\n

Emilia Trofimiuk, <\/strong>adds: \u201cThe sustained predominance of new leases within the take-up structure indicates that some companies remain actively engaged in office searches, although decision-making processes are now longer and more selective. Tenants are placing increasing emphasis on location, building standards and operating expenses.\u201d<\/p>\n

Among the largest transactions concluded in Q1 2026 were the renewal of a 13,000 sqm lease by an undisclosed business services tenant across two buildings within the Business Garden complex in Wroc\u0142aw, as well as the renegotiation of a 6,800 sqm lease by Adtran in the Tensor Y building in Gdynia.<\/p>\n

Karolina S\u0142ysz, <\/strong>concludes: \u201cHigh vacancy levels in certain regional markets are likely to support further lease negotiations in the coming quarters, particularly in older office stock. At the same time, best-in-class projects offering modern solutions and high efficiency should continue to attract stable tenant interest\u201d.<\/em><\/p>\n

Emilia Trofimiuk,<\/strong> summarises: \u201cData for the first quarter of 2026 demonstrate that regional office markets remain in a phase of balancing supply and take-up. Limited new supply, high availability and selective tenant activity are intensifying competition between buildings and driving greater flexibility in landlords\u2019 strategies\u201d.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The first quarter of 2026 brought stabilisation on the supply side and a marked slowdown in leasing activity across eight major regional office markets in Poland. Total modern office stock exceeded 6.76 million sqm; however, rising vacancy levels and lower tenant activity indicate that the market remains in a phase of adjustment to prevailing economic […]<\/p>\n","protected":false},"author":1,"featured_media":5300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[128,2581,166,167,75,70,2688,77,73,64,74,76,133,71],"class_list":["post-5299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-axi-immo","tag-emilia-trofimiuk","tag-gdansk","tag-gdynia","tag-katowice","tag-krakow","tag-leasing","tag-lublin","tag-lodz","tag-poland","tag-poznan","tag-szczecin","tag-tri-city","tag-wroclaw"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=5299"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/5300"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=5299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=5299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=5299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}