Monday, 8 December 2025
Poland’s regional office markets are showing signs of stability amid a sharp slowdown in new development. According to Savills’ latest Market in Minutes – Office Market in Regional Cities Q3 2025 report, which analyses performance across the first three quarters of the year, total modern office stock in the eight largest regional cities reached 6.73 million square metres as of the end of September.
Between January and September 2025, developers completed only 18,000 square metres of new offices — a fall of 76% compared with the same period in 2024. Development activity also remains at historically low levels, with around 191,700 square metres currently under construction, down 11% year-on-year and well below the 2020–2024 average of more than half a million square metres. The most active markets remain Kraków (55,400 m²) and Poznań (49,600 m²).
Despite limited new supply, leasing volumes have remained relatively healthy. Over the first three quarters, tenants leased a total of 521,800 square metres, up 6% from the same period last year. The most active markets were Kraków (203,900 m²), Wrocław (107,400 m²), and the Tri-City (71,700 m²).
Demand continues to be led by the IT sector, which accounted for around 20% of total leased space, followed by business service centres and manufacturing firms, each with a 16% share.
Average vacancy across regional cities edged up to 17.7%, an increase of 40 basis points year-on-year. Szczecin (6.8%) and Lublin (10.3%) reported the lowest vacancy levels, while Wrocław (21.8%) and Katowice (23.4%) recorded the highest.
“Regional office markets are adjusting to new economic conditions. The prevalence of contract renegotiations shows that tenants are focused on optimising space while maintaining flexibility,” said Jarosław Pilch, Head of Tenant Representation at Savills.
Lease renewals accounted for 54% of all transactions, while new leases, including owner-occupier deals, represented 38%. Pre-leases were limited to 2%, and expansions made up the remaining 6%.
“Market activity will remain closely tied to economic stability and access to financing. We expect developers to maintain current activity levels over the next two years,” added Daniel Czarnecki, Head of Landlord Representation at Savills.
Prime rents for Class A offices stayed stable in Q3, ranging from €11.50 to €17.00 per square metre per month, with the highest levels in Poznań and Kraków. Service charges averaged between PLN 20 and PLN 35 per square metre per month.
Savills concludes that regional cities remain attractive to IT, business service, and advanced manufacturing companies, which continue to drive steady demand for well-located, high-quality offices — even as new construction slows and developers take a more cautious approach going into 2026.
Source: Savills
