Warsaw office market October 2022

Q3 2022 saw delivery of approx. 100,000 sqm of new office space, including a flagship project, Varso Tower, by HB Reavis, as well as P180 by Skanska. Consequently, the office development pipeline stood at a record low level of 160,000 sqm. We expect that the year-end will see the start of new investments – such as Drucianka Campus and The Form, which will translate into a gradual increase in the volume of space under construction. Despite this, the volumes under development will not return to pre-pandemic levels for some considerable time.