Poland Office pre-leases make a comeback in Warsaw

Office & mixed-use development
According to “Office Occupier – Warsaw Office Market, Q1-Q3 2024”, a report published by Newmark Polska, in the Q3 of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter.
Office take-up, previously dominated by renewals, saw a notable increase in pre-lets which accounted for 22 pct of the total leasing volume. Meanwhile, Warsaw’s vacancy rate continued its downward trend observed since the beginning of the year. Warsaw’s total office stock currently stands at 6.26 mln sqm, with new supply remaining constrained since the Q4 of 2022. Just under 75,000 sqm was delivered in the period January-September 2024, nearly 65 pct of which was completed in the Q1. In the
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Latest news

Retail & leisure

Poland More tenants for Magnolia

schedule 28 May 2026
Opr./edited by AH

Magnolia Park in Wrocław is strengthening its tenant mix with the signing of seven new leases.

Warehouse & industrial

Poland Stable first quarter

schedule 28 May 2026
Opr./edited by AH

The Polish logistics and industrial market in Q1 2026 has maintained its solid fundamentals, according to the latest figures from Savills. Its growth has been supported by a balance between tenant activity and a more cautious developer activity, with the availability of space gradually being depleted.

Investment & finance

Germany Empira to invest in PRS

schedule 28 May 2026
Opr./edited by AH

Empira Group has launched its Empira German Living fund. UBS is the main investor with a commitment of over EUR 158 mln. The capital will be deployed over the coming months to build a diversified seed portfolio across Germany.

Retail & leisure

Poland Third M Park now open

schedule 28 May 2026
Opr./edited by AH

LCP Poland, part of M Core, has opened M Park Zawiercie. This is the third M Park opening this year. This latest retail park comprises 15,500 sqm gla with eleven retail units.

Warehouse & industrial

Poland Pepsico builds automated logistics centre

schedule 28 May 2026
Opr./edited by AH

PepsiCo has begun construction of an automated high-bay warehouse in Michrów near Grójec, around 43 km from Warsaw. The centre is scheduled to open in June 2027 in an investment of nearly USD 50 mln.

Office & mixed-use development

Poland DXC stays in Skyliner

schedule 28 May 2026
Opr./edited by AH

IT consultancy DXC Technology, together with its subsidiary Luxoft, has extended its lease agreement for space in Warsaw’s Skyliner complex and will remain in Karimpol Group’s flagship office building until 2032.

Warehouse & industrial

Romania Stook Concept enters MLP Bucharest West

schedule 28 May 2026
Opr./edited by AH

E-commerce retailer Stook Concept has signed a lease for space in MLP Bucharest West. Colliers represented the tenant during the negotiations.

Retail & leisure

Poland Restaurants open in AFI Office House

schedule 27 May 2026
Opr./edited by AH

The Towarowa22 super-quarter is taking shape, and its first office building, AFI Office House, is already attracting users with two new dining concepts as well as a fitness studio already open on the ground floor.

Retail & leisure

Poland Empik to enter Plac Wiślany

schedule 27 May 2026
Opr./edited by AH

Empik is joining the tenants of Plac Wiślany in Warsaw with a store of around 230 sqm.

Retail & leisure

Poland Karolinka set to grow

schedule 27 May 2026
Opr./edited by AH

The Karolinka Shopping Center will soon undergo major changes. The centre's owner and manager, NEPI Rockcastle has obtained a building permit to extend the centre.

Investment & finance

WORLD Institutional capital returns

schedule 27 May 2026

This year's edition of Knight Frank’s ‘The Wealth Report’ indicates a clear turning point for the global commercial real estate market. In 2026, as much as USD 144 bln in institutional capital is expected to be invested in the global market.

Warehouse & industrial

Poland ID Logistics takes 20,000 sqm in Bielany Wrocławskie

schedule 27 May 2026
Opr./edited by AH

LeadCrest has leased around 20,000 sqm of warehouse space in the Bielany Logistics centre to ID Logistics, which is to use the space for an FMCG sector client. Operations are to begin in May 2026.

Investment & finance

Romania Mas sells to AFI

schedule 27 May 2026
Opr./edited by AH

MAS Property Holding has agreed to sell a portfolio of six retail parks totalling over 125,000 sqm gla through the sale of eight SPVs to AFI Europe, majority-owned by BIG Shopping Centers.

Investment & finance

Poland Resi4Rent sells to Vantage

schedule 27 May 2026
Opr./edited by AH

Resi4Rent platform has finalised the sale of 18 completed residential projects to Vantage Development, a TAG Immobilien Group company. This marks the largest transaction to date in the Polish PRS sector.

Investment & finance

Romania EUR 100 mln for Sun Plaza

schedule 27 May 2026
Opr./edited by AH

CPI Europe has closed a EUR 100 mln financing deal for Sun Plaza, one of Bucharest’s leading shopping centres. The lenders are OTP Bank and ING Bank Romania, with each bank making equal commitments.

Office & mixed-use development

POLAND CPK chooses Brama Miasta

schedule 26 May 2026
Opr./edited by NN

The Central Communication Port company, responsible for implementing one of the largest infrastructure projects in Poland, has chosen the Brama Miasta complex in Łódź as its second headquarters.

Events

Europe SIMA grows internationally

schedule 26 May 2026
Opr./edited by AH

SIMA, The Global Hub of Living, has closed its 27th conference and expo edition with record attendance figures, reinforcing its position as one of the leading global meeting points for the residential sector.

Retail & leisure

POLAND Millions for Comfy Park Bydgoszcz

schedule 26 May 2026
Opr./edited by NN

Newgate Investment has secured a EUR 15 mln construction loan from BNP Paribas Bank for the final phase of Comfy Park Bydgoszcz. The retail park is scheduled to open on May 27th of this year.

Retail & leisure

POLAND Happy tenants at Homepark Targówek

schedule 26 May 2026
Opr./edited by NN

At the end of March, Homepark Targówek in Warsaw remained 100 pct leased, as many brands decided to continue their operations in the shopping centre.

Retail & leisure

POLAND OTO Park opens in Sandomierz

schedule 26 May 2026
Opr./edited by NN

The latest OTO Park retail park, a brand owned by the Falcon Investment Management fund, has been officially opened on ul. Kwiatkowskiego in Sandomierz in southeast Poland.

Latest in Office & mixed-use development

schedule 28 May 2026

DXC stays in Skyliner

IT consultancy DXC Technology, together with its subsidiary Luxoft, has extended its lease agreement for space in Warsaw’s Skyliner complex and will remain in Karimpol Group’s flagship office building until 2032.

schedule 26 May 2026

CPK chooses Brama Miasta

The Central Communication Port company, responsible for implementing one of the largest infrastructure projects in Poland, has chosen the Brama Miasta complex in Łódź as its second headquarters.

schedule 25 May 2026

Workers return

Hybrid work remains a standard professional practice. Eight out of 10 companies offer at least partial flexibility in choosing a work location, according to 'The Hybrid Puzzle: Data, People, Space' report published by CBRE.

schedule 20 May 2026

Itaka now in the Park

Tour operator Itaka will occupy 900 sqm of office space in The Park complex in Warsaw's Włochy district, where staff will work on the development of the airline air001.

schedule 20 May 2026

VW Financial Services to enter Skyliner II

Volkswagen Financial Services has joined the tenants of the Skyliner complex at Rondo Daszyńskiego in Warsaw with a lease of nearly 6,000 sqm.

schedule 19 May 2026

Glamox grows bigger in Poland

Lighting company Glamox will open a new office in Krakow's Tertium Business Park complex and expand its laboratory facilities in Dobczyce. These activities are intended to support the company's growth in Poland and enhance the group's research and development capabilities in Europe. The deal was brokered by Axi Immo.

schedule 19 May 2026

Wojdyła becomes BASE³

Wojdyła Business Park at ul. Muchoborska 8 in Wrocław has been rebranded as BASE³ – Home of Business. The results from a change in ownership and a new commercialisation strategy.

schedule 19 May 2026

Kraków stays stable

The Kraków office market maintained stable fundamentals in Q1 2026, despite a significant decline in tenant activity following a record year in 2025. Stable vacancy rates, limited new supply, and a growing share of new agreements and expansions confirm the resilience of Poland's largest regional office market.

schedule 19 May 2026

One city, two markets

In Q1 2026, the Warsaw office market is becoming increasingly polarised. Differences between central and non-central zones are evident both in terms of the quality of supply and availability of office space, as well as developer activity. In practice, this means the market has split in two with both parts governed by different supply and demand, claims Axi Immo in its latest ‘Office Market in Warsaw in Q1 2026’ report.

schedule 18 May 2026

Strabag to construct Queens

Speedwell and Strabag have announced the signing of the construction contract for the development of the Queens District, a mixed-use project to be developed in the Floreasca – Barbu Vãcãrescu area of Bucharest.

schedule 15 May 2026

Slow start to year for Bucharest office market

Leasing transactions for modern office space in Bucharest increased by 14 pct in the first quarter of 2026 compared to the same period last year, while new demand rose by 24 pct. Even so, the market remains below pre-pandemic levels, according to Colliers data. Total new demand reached approximately 24,000 sqm in the first three months of the year, broadly in line with the post-pandemic average, but around 30 pct below the quarterly average recorded between 2017 and 2019.

schedule 13 May 2026

Vacancies squeeze regional offices

In Q1 2026, Poland's regional office markets recorded the weakest demand since 2021. The Savills report, 'Office Market in Regional Cities, Q1 2026' also shows that tenant activity fell by almost a third year-on-year.

schedule 13 May 2026

Warsaw V Tower almost ready

The renovation of Warsaw's V Tower office building is nearing completion. The modernised building is now beginning its commercialisation.

schedule 12 May 2026

Atlas Ward joins Ghelamco on Nowa Marina Gdynia

Ghelamco Poland Holding, the Atlas Ward Group, the Polish Yachting Association, and Nowa Marina Gdynia (a special purpose vehicle of the Polish Yachting Association) have agreed on the terms for work on the Nova Marina Gdynia project. Under the agreement, a company from the Atlas Ward Group will hold a 60 pct stake in the project company and act as the strategic investor.

schedule 08 May 2026

Tenants now more cautious

At the end of March 2026, the total stock of modern office space in Poland's eight major regional markets reached 6.76 mln sqm. The largest markets remain Kraków (1.85 mln sqm), Wrocław (1.36 mln sqm), and the Tricity (1.07 mln sqm), according to Axi Immo data.

schedule 08 May 2026

OPG takes on Lixa D

Consultancy OPG Property Professionals has been appointed to manage the Lixa D office building in Warsaw. The contract term is for three years.

schedule 08 May 2026

SwitchUp enters AFI House

Flex office provider SwitchUp is to take up 2,040 sqm on the third and fifth floors of AFI House at ul. Wronia 10 in Warsaw, part of the Towarowa22 superquarter under development by AFI, Echo Investment and Archicom.

schedule 07 May 2026

3,000 sqm office lease renegotiation

A client from the paper industry has extended its lease for over 3,000 sqm in Kraków's Lubicz Office Center.

schedule 06 May 2026

Uni-logistics moves into President's Quay

Uni-logistics has leased the entire 8th floor of President's Quay in Gdynia. Uni-logistics will occupy 1,115 sqm in the first phase of the Waterfront mixed-use development, owned and managed by Vastint. Colliers advised the tenant on the transaction.

schedule 06 May 2026

Daftcode enters Centrum Marszałkowska

Daftcode, a tech venture capital company, has leased nearly 800 sqm of office space at Centrum Marszałkowska in Warsaw. The tenant was represented by Newmark Polska.

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Edition 4 (307) May 2026

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