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Kraków's modern office stock reached 1,842,300 sq m by end of 2025, with the City Centre accounting for nearly one-quarter of supply at 436,700 sq m, while leasing activity hit a record peak of 269,500 sq m driven predominantly by lease renegotiations comprising 63% of total take-up. The vacancy rate declined to 18.4% representing 338,400 sq m of available space, though distribution is uneven across zones with the City Centre at 6.3% compared to the Northwest at 28.8%, while class A rents in modern buildings currently stand at EUR 14.00-18.00 per sq m per month with only 11,900 sq m of new supply delivered in 2025 against 55,400 sq m under construction.

In H1 2025, Poland's office market reached 689,000 sq m in total take-up (up 15% year-on-year), supported by constrained new supply at 343,000 sq m (the lowest in two decades) and a national vacancy rate stabilizing at slightly above 14%, with Warsaw's CBD vacancy falling to 7.1%. Between January 2024 and June 2025, over €2 billion was invested in Polish office assets, with prime Warsaw yields approaching 6% and capital values at EUR 4,500–6,000 per sq m offering significantly lower prices than Western European cities, positioning the market for renewed investor interest as rental growth and yield compression accelerate.

Knight Frank's Q3 2025 "Strong Cities" report examines Warsaw's city attractiveness, office market performance, and labor market trends, presenting data on the city's investment potential, infrastructure, and economic indicators. Key findings include that Warsaw's office market remains stable with a vacancy rate of 9.7% (lowest in nearly five years), total stock of 6.25 million square meters, and 487,000 square meters leased between January and September 2025, while the Polish labor market has entered a phase of stability with cautious wage growth where only 34% of professionals actively seek new employment and double-digit pay rises are rare outside shortage sectors like finance and IT.

As of September 2025, Warsaw's modern office stock totalized 6.24 million square meters with a 9.7% vacancy rate—the lowest since late 2020—while office demand in the first three quarters of 2025 reached 486,600 square meters, marking a 2% decline year-over-year. New supply for Q1–Q3 2025 delivered 88,700 square meters (18% higher than the same period in 2024), with 90% concentrated in central zones where headline rents for prime space ranged from EUR 22.50 to 27.00 per square meter per month.

Poland's economy expanded 3.7% year-on-year in Q3 2025, the fastest pace since Q4 2022, driven by private consumption and a stable labour market, with inflation at 2.9% and mortgage enquiries rising 42.2% year-on-year according to Cushman & Wakefield's residential sector analysis. During the first three quarters of 2025, construction began on 100,113 flats intended for sale or rent, representing a 14% decrease from the same period in 2024, while average asking prices on the primary market in Warsaw reached PLN 17,322 per square meter with modest quarterly growth of 1%.

Knight Frank's Q3 2025 report on Kraków analyzes the city's investment attractiveness, office market dynamics, and labor market trends, finding that Kraków ranks first in business friendliness and human capital among large European cities in the fDi's 2025 ranking, with a population of 809,200 and an unemployment rate of 2.5%. The office market shows Kraków as Poland's largest regional market with 1.85 million square meters of stock, 204,000 square meters of take-up through September 2025 (up 21% year-on-year), and an 18.6% vacancy rate, while the labor market has stabilized with employers becoming more cautious about pay increases, with only 34% of professionals actively seeking new employment and strong demand concentrated in finance, IT, cybersecurity, and big data roles.

Poland's commercial real estate investment market reached EUR 2.6 billion in total volume during the first three quarters of 2025, representing an 8% year-on-year decline but maintaining over 100 closed deals and signaling anticipated recovery in Q4. The office sector led investment activity with EUR 899 million (34% of total volume), followed by the warehouse sector with EUR 873 million showing 18% year-on-year growth, while Polish domestic capital achieved a record 22% share of total investment originating from Poland, reflecting increased appetite among local investors for commercial real estate.

Knight Frank's H1 2025 report on Krakow assesses the city's investment attractiveness, office market dynamics, and labor market trends. Key findings include Krakow ranking 1st in business friendliness and human capital among large European cities in the fDi's 2025 ranking, with 1.83 million sq m of office stock, record H1 2025 take-up of 172,000 sq m (including nearly 123,000 sq m in Q2 alone), a vacancy rate of 17.3%, and headline rents stable at EUR 10–18 per sq m/month, while an HR perspective section examines EU pay transparency directive implementation challenges beginning December 2025 and notes that 53% of Poland's active real estate agents are women.

This is a data and figures report published by CBRE on June 30, 2025, presenting multifamily residential market information for Warsaw and Poland in the second quarter of 2025.

Warsaw's warehouse market comprised 7.1 million square meters of total stock at the end of Q2 2025, accounting for 19.6% of Poland's total warehouse space, with approximately 80% located in Zone II (12-50 km from the city center). In H1 2025, new supply totaled over 155,000 square meters (a 30% decline year-over-year), leasing volume reached nearly 550,000 square meters (an 18% increase), vacancy rose to 6.6%, and approximately 430,000 square meters remained under construction.

In Q2 2025, Warsaw's office market recorded net demand of approximately 63,000 square meters with total transaction volumes of 155,000 square meters, while the vacancy rate stood at 10.8% overall, with 7.8% in central zones and 13.3% outside the city center. New office supply in the first half of 2025 totaled 85,200 square meters, with lease renewals accounting for 59% of leasing activity in Warsaw during the quarter.

At the end of H1 2025, Warsaw's office market contained 6.33 million square meters of total supply, with new supply deliveries reaching 85,200 square meters (34% increase year-over-year), while the construction pipeline contracted to just under 140,000 square meters (50% decrease year-over-year). Total leasing activity in H1 2025 was 301,400 square meters with net absorption of 66,900 square meters (123% increase year-over-year), and the vacancy rate stood at 10.8%, down 10 basis points year-over-year, with prime office headline rents in central zones ranging from EUR 22.50 to 28.00 per square meter per month.

This is a data figures report published by CBRE on June 30, 2025, presenting office sector metrics for Krakow, Poland in the second quarter of 2025.

Kraków's modern office market totaled 1.83 million square meters at end-June 2025 with zero new supply delivered in the first half of the year, though 65,200 square meters remained under construction across six projects. Demand reached 172,000 square meters in H1 2025 (an 85% year-over-year increase), driven primarily by renegotiations representing 71% of activity, while the vacancy rate stood at 17.3%, down 290 basis points from the prior year, with rents in A-class buildings ranging EUR 14.00–17.00 per square meter per month.

This is a data and figures report published by CBRE on December 31, 2025, presenting office sector figures for Warsaw in the fourth quarter of 2025.

This is a data report published by CBRE on June 30, 2025, presenting office sector figures for Warsaw in the second quarter of 2025.