17:26 5 August 2025
Commercial real estate market growing at record-breaking pace
In H1 2025, Poland’s commercial real estate market showed rising investor activity, driven by Warsaw offices, long-lease assets, and select logistics projects. Total investment volume reached €1.67 billion, 7% lower year-on-year but 70% higher than 2023. Warehouses dominated with 42%, fueled by record sale-and-leaseback deals like Eko-Okna’s €253 million transaction, while offices held 25% and the living sector 13%, led by BTR and private student housing.
European capital remained dominant at 60%, U.S. funds rose to 23%, and domestic investors accounted for 15%. Warehouse yields compressed to 6.25%, office and retail prime yields stayed near 6%, and living assets offered 5.5–6%. Supported by 3.4% GDP growth, easing inflation, and lower interest rates, the market is entering a stable, competitive phase.
