2025年第三季度华沙城市吸引力和写字楼市场

Q3 2025 The office market sentiment, the investment potential of the city andthe labour market. knightfrank.com.pl/en/research Preparedin cooperation with Warsaw 517.2sq kmCity area Investment attractiveness 1,862,402(state of 30.06.2024, GUS)Population in theRanking of Shared Mobility Friendly Cities inPoland 2024 2,132,000(2030)2,249,000(2050)Population forecast in the ranking fDi"European Cities and Regionsof the Future 2025"w kategorii Business Friendliness (+) 1,063(state of 2024, GUS)Migration balance ND2.PLACE in competitionEuropean Innovation Capital - iCapital 1.7%(state of 08.2025, GUS)Unemployment rate RD3.PLACE in the ranking fDi"European Cities and Regionsof the Future 2025"- OVERALL GDP growth14.9%(2023) Investment incentives GDP per capitaPLN217,793(2022) Investment support Offer for investors: individual approach;assistance at every stage of the investment,including the organization of referencevisits; providing necessary information onavailable public aid.back office support; Average salary(gross)PLN10,507.13(in the business sector,08.2025) Key areas of support Information activities: Support in acquiring office space: access to information on municipalreal estate;support in choosing a location;cooperation with real estate agencies. assistance in obtaining data;city information pack.providing industry know-how; Recruitment activities: Post-investment support: cooperation with academiccentres and universities;coordination of joint activities withuniversities.cooperation with HR agencies; support in day-to-day operationsin the form of obtaining industryinformation; coordination of joint projects;undertaking joint activities for thedevelopment of sectors; support in corporate socialresponsibility projects. Quality of life in CEE rankingSustainable CitiesIndex 2024(Arcadis) 2.PLACEND in the fDi“European Cities and Regionsof the Future 2025”ranking in thecategory Human Capital and Lifestyle Quality of life in numbers Facts & Figures •104 museums and art galleries;•35 theatres and music institutions;•38 cinemas;•2,822 restaurants;•approx. 1.9m sq m of commercial retail space;•222 outdoor gyms;•44 swimming pools and 15 ice rinks;•11 beaches along the banks of the Vistula. Numberof students261,331 49,870Numberof graduates 68Numberof universities Public transport •89% of citizens express positive opinion on PublicTransport Authority (Warsaw Barometer 2024);•2 metro lines, 5 lines of Szybka Kolej Miejska, 304 bus lineswith approx. 1,480 vehicles (100% low floor);•investments for over PLN 6.9bn in public transport and infrastructure (2017-2025);•24 tram lines with over 500 trams;•79% of city residents consider Warsaw as bicycle-friendly city;•over 3,300 city bikes; 330 bike stations;•water trams and ferries on the Vistula, canoes and water skis. Airport - distanceto the City centre9.8km Airport - numberof passengers21m(2024) 376(2024)BSS sector- number of centres Bike paths850km Green areas47% 101,000BSS sector- number of employed Warsaw Q3 2025 Warsaw remains the largest and strongest office market in Poland. In the thirdquarter of 2025, demand for office space leasing remained stable, while thevacancy rate fell to its lowest level in nearly five years. In the coming years, thepace of new supply growth is expected to remain limited, which will support afurther decline in vacancy rates and maintain upward pressure on rental levels. 6.25msqmExisting stock SUPPLY At the end of September 2025, Warsaw’s total office stock amounted to 6.25 million sq m. Thelargest share (46%) is located in central zones, while outside the city centre, Służewiec andAleje Jerozolimskie remain the dominant office districts, accounting for 16% and 12% of thecity’s total stock, respectively. At the same time, more than 88,000 sq m of office space waswithdrawn from the market due to building repurposing or demolition, with approximately78% of this total located in the Służewiec area. 140,000sq mSupplyunder construction Since the beginning of 2025, nearly 89,000 sq m of modern office space has been delivered tothe Warsaw market - an 18% increase compared to the same period last year. More than halfof the new supply delivered in the first three quarters of 2025 was contributed by The Bridgeoffice building (47,000 sq m) located at Rondo Daszyńskiego. 9.7%Vacancy rate However, developer activity remains at its lowest level in over two decades. Currently, only140,000 sq m of office space is under construction, with the vast majority (86%) locatedin central areas. More than 57% of the space currently under construction is scheduled forcompletion in 2026. 89,000sq mNew supply TAKE-UP 487,000sq mTake-up Take-up for office space in Warsaw remains stable. Between January and September 2025, atotal of 487,000 sq m was leased - a result comparable to the same period last year. In the thirdquarter alone, lease agreements were signed for over 185,000 sq m. The market, however