In Q3 2025, only three new office buildings, totalling a modest 15,600 m², were completed in Poland's regional markets (major cities outside of Warsaw). Although this is more than in the entire first half of the year, it remains a small figure compared to the pre-pandemic period and confirms that the slowdown in developer activity is set to continue for the coming years.
This low construction activity is not surprising given the challenging market conditions. The average vacancy rate is 17.7%, and in some cities, it is even higher. Additionally, developers are facing challenges in leasing new projects.
Despite the high overall vacancy rate, the market is beginning to experience a shortage of large, contiguous office spaces.
