仓储市场_Warsaw 2025年第四季度

Q4 2025 The office market sentiment, the investment potential of the city andthe labour market. knightfrank.com.pl/en/research Warsaw 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 (+) 4,390(state of 2024, GUS)Migration balance in competitionEuropean Innovation Capital - iCapital 1.6%(state of 11.2025, 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)PLN10,791.55(in the business sector,11.2025) 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;support in corporate socialresponsibility projects.undertaking joint activities for thedevelopment of sectors; Quality of life 2.PLACEND in the ranking of the most interestingtravel destinations in the world - TheNew York Times,“52 Places to Go in2026”. 2.PLACEND in the fDi“European Cities and Regionsof the Future 2025”ranking in thecategory Human Capital and Lifestyle The title “Best European Capital ofMICE & Leisure 2026”awarded byEuropean Best Destinations. in CEE rankingSustainable Cities Index2024(Arcadis) Fakty i liczby Quality of life in numbers Numberof students261,331 •104 museums and art galleries;•35 theatres and music institutions;•38 cinemas;•2,729 food service establishments, including over 500 restaurants;•approx. 2.4m sq m of commercial retail space;•385 outdoor gyms;•37 swimming pools and 15 ice rinks;•11 beaches along the banks of the Vistula. 49,870Numberof graduates 68Numberof universities •In 2024, 90% of residents rated the quality of publictransport as “good” or “very good.”;•2 metro lines, 5 lines of Szybka Kolej Miejska, 285 bus lineswith approx. 1,430 vehicles (100% low floor);•investments for over PLN 6.9bn in public transport and infrastructure (2017-2025);•25 tram lines with over 456 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. 9.8kmAirport - distanceto the City centre Airport - numberof passengers21m(2024) 429(2025)BSS sector- number of centres Bike pathsover850km Green areas47% 111,500BSS sector- number of employed Warsaw Q1-Q4 2025 The Warsaw office market ended 2025 in strong shape, driven by robust demandgrowth and a decline in vacancy. Total take up exceeded 794,000 sq m, marking a7% increase compared with the previous year. With new supply remaining limited,the vacancy rate fell to 9.1%, its lowest level in more than five years. In the comingyears, development activity is expected to stay subdued, supporting furthervacancy compression and maintaining upward momentum in rental levels. 6.23msqmExisting stock SUPPLY 189,000sq mSupplyunder construction As of the end of 2025, total office stock in Warsaw reached 6.23 million sq m. The largestshare of space (46%) is located in the city’s central zones, while outside the city centre theleading submarkets are Służewiec and Aleje Jerozolimskie, accounting for 16% and 12% oftotal stock respectively. Development activity remains subdued. Since the beginning of 2025, nearly 89,000 sq m ofmodern office space has been delivered to the Warsaw market, marking the lowest annualvolume in over two decades. The largest scheme completed during the year was The Bridge,comprising 47,000 sq m, developed by Ghelamco. 9.1%Vacancy rate Currently, only 189,000 sq m of office space is under construction, with the vast majority(90%) located in central areas. More than 54% of the pipeline is scheduled for delivery in2026. 89,000sq mNew supply TAKE-UP 794,000sq mTake-up The final quarter of 2025 was exceptionally strong for the Warsaw office market. Leasingactivity in Q4 totalled nearly 310,000 sq m, the highest quarterly result ever recorded inWarsaw and accounting for 39% of total annual take-up. Over the full year, office demandreached 794,000 sq m, re