Growing value of real estate in Poland - JLL
11:24
According to the Valuation Department at international advisory firm JLL, the commercial real estate market in Poland during 2015 proved to be a record-breaker with €4.1 billion of transactions concluded.
This is the second best result in the history of the Polish market. Investors were the most active in the retail segment where projects worth a total of €2.26 billion exchanged hands. Office projects attracted ca. €1.27 billion, followed by the industrial segment with €473 million.
A drop in yields was registered (practically in all sectors) due to the high interest shown in the Polish real estate market by investors. This also resulted in an increase in the value of real estate in Poland.
2015 witnessed the highest tenant activity in the history of Poland’s office market. Lease agreements for approx. 1.5 million sq m were signed with Warsaw accounting for 834,000 sqm of this total.
Furthermore, 2015 was also a good year for the retail market in Poland. During the last 12 months, up to 502,000 sqm of new shopping center stock was delivered to the market. It is considerably more than in 2014 when 332,000 sqm entered the market. 2015 also saw record breaking take-up on Poland’s industrial market with lease agreements for 2.22 million sqm concluded during the year.
