Regional Office Markets in Poland, Q1 2025

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The beginning of 2025 in regional markets brought lower quarterly tenant activity, after an impressive close to 2024. A comparable number of lease agreements were signed, although no transactions exceeding 10,000 m2 were concluded. Smaller-scale leases did prove significant for the market. Tenants opted for more expansion than in previous quarters, with their share amounting to 8% of demand (compared to 2%-5% in 2024). Combined with new agreements, this accounted for 51% and undoubtedly augurs well for the market, confirming that some employers are considering increasing work at the office. The vacancy rate remains at a stable but high level. This value will persist in the market for a number of months, potentially rising even more in some cities.

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