
Warsaw settles into a new office reality
Last year closed in Warsaw with the city’s total office stock standing at 6.26 million sqm, around half of which is 10 years old or older.
The Polish industrial and logistics market demonstrated solid growth throughout 2022. Around 0.8 million sqm came on stream in the last quarter, bringing total stock to just over 28 million sqm at the end of December.
The Polish industrial and logistics market demonstrated solid growth throughout 2022. Around 0.8 million sqm came on stream in the last quarter, bringing total stock to just over 28 million sqm at the end of December.
Office take-up for 2022 as a whole was over 600,000 sqm, of which more than 170,000 sqm was transacted in Q4 alone. Poland’s regional cities overtook Warsaw last year in terms of total office stock.
Last year closed in Warsaw with the city’s total office stock standing at 6.26 million sqm, around half of which is 10 years old or older.
The Polish commercial property market has reconfirmed its status as an investment hotspot despite the one-year-long war in Ukraine, the runaway inflation and the global economic turmoil.