Companies return to offices, reducing vacant space and driving up rents

The Polish office market is experiencing a significant shift as companies recall employees to physical workplaces, driving up demand for commercial space. This trend is particularly pronounced in Warsaw, where a surge in demand is rapidly depleting available properties and pushing rental prices upward.

Tomasz Węglarz, head of regional markets at BNM Real Estate Advisory, notes that the era of dominant remote work is ending. "The vast majority of companies we work with are promoting returns to the office," he stated. This return often necessitates companies seeking larger office footprints, further intensifying the competition for space.

Beyond Warsaw, other regions are grappling with a different challenge: a scarcity of large, modern office facilities. This undersupply is forcing businesses to plan their office relocations well in advance to secure suitable premises. The combination of returning workers and limited new construction is reshaping the dynamics of the commercial real estate sector across Poland.

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The vast majority of companies we work with are promoting returns to the office.