CBRE data shows that since the beginning of 2025, a total of 528,700 sq m have been rented in eight main regional markets. square meters of office space – by 7%. more than a year earlyj. The offices in Kraków attracted the greatest interest (211 thousand sq m), Wrocław (107.3 thousand sq m) and Tricity (71.7 thousand sq m). Renegotiations dominated (54%), but new contracts also had a significant share (36%).
New technologies were the most active industry – they accounted for 20%. total demand. Industry and business services each had 16 percent. share. In the third quarter, there was also a noticeable increase in the activity of the public sector.
CBRE emphasizes that developer activity remains low. In the third quarter, only three office buildings with a total area of 15.6 thousand square meters were put into use. sq m – two in Krakow (including one mixed-use) and one in Lublin. 200,000 are still under construction. m, and no new investment has been started in recent months.
– Such low developer activity will further regulate the market and result in a decline in vacancy rates, an increase in rents and an extension of lease periods from 5 to 7 years – comments Mariusz Wiśniewski, head of regional markets in the CBRE office department.
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PINK data: vacancy rates are increasing, but not everywhere
Data from the Polish Chamber of Commercial Real Estate (PINK) show that at the end of the third quarter of 2025, the total resources of modern office space in eight main regional markets amounted to 6,732,400 sq m. There was approximately 1,192,300 sq m available for immediate rent, which corresponds to a vacancy rate of 17.7%. — 0.2 pp more than in the second quarter and 0.4 pp more than a year earlier.
The highest vacancy rate was recorded in Katowice (23.4%) and Wrocław (21.8%), and the lowest in Szczecin (6.8%) and Lublin (10.3%).
In the third quarter, 134.4 thousand were registered. sq m of lease transactions — by 38 percent less than in the second quarter and by 36 percent. less than a year earlier. The most space was leased in Kraków (31.9 thousand sq m), Wrocław (26.6 thousand sq m) and Łódź (23.3 thousand sq m). Contract renewals accounted for 42%. volume, new contracts – 41%, transactions for own needs – 12%, and expansions – 5%.
CBRE forecasts: offices are back in price
CBRE experts predict that the end of the year will bring spectacular transactionswhich will reduce the vacancy rate, especially in the Tricity and Łódź. — We see a clear return of new foreign investors, not those who are just recognizing the market, but those who come with a clearly defined development plan for the coming years. Importantly, American capital still dominates, says Mariusz Wiśniewski.
According to CBRE, 2026 may bring a fundamental change: we will no longer talk about an oversupply of offices, but about their shortage. — Two or three or even four days of stationary work is the new norm. This is not a forced trend. This is the result of understanding that the office is an operational tool, not an expense. Good offices are once again becoming an asset that builds the competitive advantage of companies, concludes Wiśniewski.
