Poland PINK reports growing Warsaw office market

In Q4 2021, more than 31,500 sqm of modern office space was delivered to the market in three projects: Central Point (18,000 sqm), the first phase of Fabryka PZO (12,100 sqm) and EC Powiśle D3 (1,500 sqm). Total office stock in Warsaw grew by 16 office buildings with a total area of almost 325,000 sqm over 2021. At the end of Q4 2021, the vacancy rate in Warsaw reached 12.7 pct (up 0.2 pp q-o-q and 2.8 pp y-o-y). Total vacant office space came 778,400 sqm, in the centre with a vacancy rate of 1