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Warsaw Crane Survey 2021

Barometer of business activity in Warsaw’s office market

May 2021

The Deloitte Warsaw Crane Survey 2021 is a barometer of business activity in Poland’s capital, in which we examine Warsaw’s current office stock and future potential supply. Through a collaboration with the City of Warsaw, we have also analysed the building permits issued during the last 11 years, giving us a complete overview of the trends influencing developer activities.

The Warsaw office market has reached maturity after three decades of spectacular development. Since 1990, when the supply was very limited following the fall of communism, now the stock of modern office space has grown to more than 5.6m sqm.
However, in the two editions of our survey, one of the most interesting findings has been the decreasing number of building permits issued for office developments. Is this a sign of an approaching slowdown? Has the impact of COVID-19 affected the number of projects underway and the volume of construction work on office projects in Warsaw?

We encourage to read our lastest report!

Key findings

  • The number of building permits issued for office developments is decreasing. In 2020, only two such building permits were issued.
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  • Developers are building larger and higher schemes.
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  • In 2020 at more than 300,000 sqm, we saw the second-highest amount of new office stock delivered to the Warsaw market in a single year.

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  • The most building permits in the last 11 years were issued for Wola district (47) with a total leasable area of 1.1 million sqm.
  • The COVID-19 pandemic has influenced tenants’ decisions to postpone or halt much planned expansion and many new lease agreements. This may stretch yet further the gap between net demand and the new stock to be delivered this year.
  • 4 new office buildings among the Top 10 highest office buildings in Warsaw.
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Warsaw Crane Survey 2021

The Deloitte Warsaw Office Crane Survey 2021 is a barometer of business activity in Poland’s capital, in which we examine Warsaw’s current office stock and future potential supply.

Our real estate experts have analysed the building permits issued during the last eleven years for schemes with a gross leasable area (GLA) of more than 2,500 sqm.

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