City attractiveness, office market, HR trends Q1 2026 Warsaw 517.2sq kmCity area 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 1.5%(state of 02.2026, GUS)Unemployment rate in the ranking fDi"European Cities and Regionsof the Future 2025"- OVERALL GDP growth14.9%(2023) Investment incentives GDP per capitaPLN217,793(2022) providing necessary information onback office support; individual approach;assistance at every stage of the investment, Average salary(gross)PLN11,201.20(in the business sector, Key areas of support Support in acquiring office space:access to information on municipalreal estate; Information activities:assistance in obtaining data;providing industry know-how; Post-investment support:support in day-to-day operationsin the form of obtaining industryinformation; cooperation with academiccentres and universities; undertaking joint activities for thedevelopment of sectors; Fakty i liczby Quality of life in numbers •102 museums and art galleries;•32 theatres and music institutions;•34 cinemas;•3,164 food service establishments, including over 540 restaurants;•approx. 2.4m sq m of commercial retail space; 67Numberof 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, 304 bus lineswith approx. 1,430 vehicles (100% low floor);•investments for over PLN 6.9bn in public transport and infrastructure (2017-2025);• 9.8kmAirport - distanceto the City centre Airport - numberof passengers24.1m 418(2025)BSS sector- number of centres Bike pathsover870km OFFICE MARKET Warsaw Warsawcontinues to reinforce its position as Poland’s dominant officemarket,with total stock reaching 6.28 million sq m,representing nearly50%of the country’s modern office supply and accounting for over halfofnational leasing activity.In Q1 2026,the slowdown in development Q1 2026 6.28msqExisting stock 115,000sq mSupplyunder construction SUPPLY In Q1 2026, approximately 43,000 sq m of modern office space was delivered to the Warsawmarket across three schemes. The largest completion was Studio A, developed by Skanska, Development activity remains extremely limited. By the end of 2026, only an additional6,000 sq m of new office space is expected to be delivered, bringing total annual supply to 9.5%Vacancy rate The development pipeline is projected to remain subdued, with just 109,000 sq m scheduledfor completion between 2027 and 2028. Nearly all space currently under construction is 43,000sq mNew supply TAKE-UP 134,000sq mTake-up Take up in Q1 2026 softened slightly, with total leasing activity reaching nearly 134,000 sq m, Central zones dominated leasing activity, accounting for 54% of total take-up, with nearly17% located around Daszyński Roundabout and 11% in the Central Business District. New leases accounted for the largest share of transactions at 51%, surpassing renegotiations,which represented 39%. Expansion deals gained momentum, increasing their share to 9% The IT sector was the most active occupier group, responsible for 20% of total take-up.Strong demand was also generated by the business services sector and by banking,insurance and investment institutions, which accounted for 13% and 12% of leasing volume Standard lease termsin new buildings VACANCY RATE 18.00-38.00Service chargePLN/sq m/month The increase in new supply contributed to a slight rise in the vacancy rate, although itremains at a relatively low level. At the end of the first quarter of 2026, the vacancy rate stoodat 9.5%, reflecting an increase of 0.4 pp compared to the previous quarter and a decrease 1.5-2monthsfor each contract yearRent-free period RENTS 250.00-750.00Fit-out budgetEUR/sq m In the first quarter of 2026, asking rents in Warsaw remained stable. In central locations,rents ranged between EUR 18.00 and 32.00/sq m/month, while in non-central locationsthey ranged from EUR 12.00 to 18.00/sq m/month. Service charges also remained stable Office space Poland’s investment revival: largerbets, stronger momentum, and a Poland is reasserting itself in 2026 as one of the most compelling investment destinations inCentral and Eastern Europe. After several years marked by caution and subdued activity, capital isreturning at scale. Both manufacturing and logistics, as well as business services and technology, The most notable shift is in the size of projects. As recently as two years ago, investments typicallyinvolved 50 to 200 roles. Today, projects involving several hundred employees are increasingly two in shared services and one in IT,alone account for 1,200 planned hires.This stands in stark contras