Poland Warsaw office market slowly stabilising
Office & mixed-use developmentschedule 01 August 2024
Emilia Trofimiuk, research manager, Research Department, Axi Immo
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According to the report 'Office market in Warsaw in H1 2024', presented by Axi Immo, development activity is slowly returning to pre-pandemic levels, with 280,000 sqm under construction at the end of June.
The first half of 2024 on the Warsaw office market marked an evolutionary change on both the demand and supply side. On the demand side, a continuation of the renegotiation trend is being observed. Total take-up was 320,000 sqm - a comparable result to H1 2023.
More than 60,000 sqm of new office space was delivered to the Warsaw office market in H1 2024. In 2024, a total modern office space of approx. 110,000 sqm should be completed. In Q1 2024 Yareal finished the development of Lixa D (9,300 s
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