Poland Warsaw office market back in the game
Office & mixed-use developmentschedule 05 November 2024
Bartosz Oleksak, associate director, Office Department, Axi Immo
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According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.
At the end of Q3 2024, the total stock of modern office space in Warsaw stood at 6.24 mln sqm. Between January and September 2024, developers supplied more than 70,000 sqm to the capital's market, with completed developments including Saski Crescent after modernisation (15,500 sqm, CA Immo), Vibe A (15,000 sqm, Ghelamco), Lixa D and E (9,300 sqm and 16,900 sqm respectively, Yareal). As much as 76 proc. of the new space was developed in the central office zones of Warsaw.
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