Frankfurt ($60/sqft, 8.4% vacancy) and Warsaw ($270/sqft, 11.4% vacancy) compete on different axes: Frankfurt on talent depth and Warsaw on rent and tax.
Frankfurt ($60/sqft, 8.4% vacancy) and Warsaw ($270/sqft, 11.4% vacancy) compete on different axes: Frankfurt on talent depth and Warsaw on rent and tax.
| Metric | Frankfurt | Warsaw |
|---|---|---|
| Region | EMEA | EMEA |
| Country | Germany | Poland |
| Class A rent (USD/sqft/yr) | $60 | $270 |
| Class A rent (local) | 55 EUR | 1080 PLN |
| Vacancy | 8.4% | 11.4% |
| Trend | flat | rising |
| Prime yield | 4.4% | 5.6% |
| Premium flex / seat / month (USD) | $1,080 | $380 |
| Submarkets covered | 6 | 5 |
| Corporate tax | 30% | 19% |
| Metric | Frankfurt | Warsaw |
|---|---|---|
| Typical term | 7 yrs | 5 yrs |
| Typical rent-free | 9 mos | 6 mos |
| Lease norms | German leases run 5-10 years with break rights. Rent reviews are indexed to the CPI (Verbraucherpreisindex). Tenant pays Nebenkosten (operating costs) on top of base rent. Cautio (security deposit) of 3-6 months is typical. | Net leases (tenant pays opex, taxes, insurance separately). 5-7 year terms standard. Free rent of 4-9 months and TI of PLN 250-400/sqm typical. |
| Tax note | Combined federal + state + Gewerbesteuer (trade tax) effectively 30% in Frankfurt. | 19% Polish corporate income tax (CIT). 9% reduced rate for small taxpayers. R&D tax credit available. Estonian-style CIT regime available for SMEs. |
| Metric | Frankfurt | Warsaw |
|---|---|---|
| Talent index (0–100) | 88 | 80 |
| Talent note | Deepest banking-and-regulatory talent pool in continental Europe. Average all-in compensation indexes 88. | Deepest tech, banking, and business services talent in Central Europe. Strong feed from University of Warsaw, Warsaw University of Technology, and Warsaw School of Economics. Polish-English bilingual professional base. |
Frankfurt: Hauptbahnhof anchors S-Bahn, U-Bahn, ICE, and regional rail. Frankfurt Airport is 11 minutes by ICE.
Warsaw: Warsaw Metro (M1, M2 lines), tram, and bus. SKM commuter rail. Warsaw Chopin Airport is connected via SKM commuter rail (~25 minutes). Modlin Airport serves low-cost carriers.
Frankfurt is the cheaper Class A market on a USD basis.
Frankfurt has the deeper talent index (88/100 vs 80/100).
Warsaw has the lower headline corporate tax (19% vs 30%). Local incentives can change the effective rate materially.
Frankfurt typical term is 7 years with 9 months free; Warsaw runs 5 years with 6 months free.
Frankfurt: Hauptbahnhof anchors S-Bahn, U-Bahn, ICE, and regional rail. Frankfurt Airport is 11 minutes by ICE. Warsaw: Warsaw Metro (M1, M2 lines), tram, and bus. SKM commuter rail. Warsaw Chopin Airport is connected via SKM commuter rail (~25 minutes). Modlin Airport serves low-cost carriers.
Score Frankfurt, Warsaw and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.