仓储市场_Warsaw 2025年第四季度

Investment Rating - The report does not explicitly state an investment rating for the industry or city Core Insights - The Warsaw office market ended 2025 in strong shape, with total take-up exceeding 794,000 sq m, marking a 7% increase compared to the previous year [14] - The vacancy rate fell to 9.1%, its lowest level in over five years, driven by robust demand growth and limited new supply [20][21] - The market is becoming increasingly environmentally sustainable, with 67% of total stock holding green building certifications [18] City Attractiveness - Warsaw has a population of 1,862,402 as of June 2024, with a forecasted population of 2,132,000 by 2030 [5] - The city has a GDP growth of 14.9% in 2023 and an average salary in the business sector of PLN 10,791.55 as of November 2025 [5] - Warsaw ranks highly in various categories, including being the 2nd in the European Innovation Capital competition [7] Investment Incentives - The city offers an individual approach to investors, assistance at every stage of investment, and support in obtaining necessary information on public aid [8][48] - Key areas of support include recruitment activities, post-investment support, and cooperation with academic centers and HR agencies [10][11] Office Market Overview - As of the end of 2025, total office stock in Warsaw reached 6.23 million sq m, with a significant portion located in central zones [15] - New supply in 2025 was limited, with only 89,000 sq m delivered, marking the lowest annual volume in over two decades [16] - The final quarter of 2025 saw leasing activity total nearly 310,000 sq m, the highest quarterly result ever recorded in Warsaw [17] Vacancy and Rent Trends - The vacancy rate in central zones was 6.1%, while non-central locations recorded a rate of 11.6% [21] - In Q4 2025, headline asking rents remained stable, with central locations ranging between EUR 18.00 and 32.00/sq m/month [22] Quality of Life - Warsaw boasts over 850 km of bike paths and 47% green areas, contributing to its attractiveness as a city [13] - The city has a robust cultural scene with numerous museums, theatres, and recreational facilities [13]