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Office market stabilises with potential for growth Office market stabilises with potential for growth
Office market stabilises with potential for growth

According to Trends Radar. Real Estate: From Stabilisation To Optimism, a report from global real estate services firm Cushman & Wakefield, office demand across Poland’s office markets is expected to remain stable in the near future, on a par with the levels recorded in 2022-2023, with vacancy rates anticipated to edge down in both Warsaw and regional cities amid gradual market stabilisation. Office development activity is likely to remain subdued in the coming years, creating new opportunities for office stock refurbishment. Despite this, the Polish market offers some of the finest-quality office spaces in Europe. For example, Cushman & Wakefield’s report REThinking European Offices 2030 – Risks and opportunities from obsolescence reveals that the percentage of office stock in Warsaw at risk of becoming obsolete by 2030 is low, at 40%. By comparison, the average for seven key Western European markets (Amsterdam, Barcelona, London, Madrid, Milan, Paris and Stockholm) is nearly twice as high, at 80%.

Vitalii Arkhypenko • December 17, 2024

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