22:25 6 August 2025
Poland sees renewed investor interest
Poland’s commercial real estate market is stabilizing, attracting strong private and institutional interest, according to Knight Frank. Total investment volume reached €1.67 billion in the first half of 2025, down 7% from 2024 but 70% higher compared to 2023. Warehouses led with 42% of transactions (€694 million, +136% y/y), followed by offices (25%), retail (19%), living (13%), and hotels (1%).
Warsaw’s tight office supply is fueling competition, with €411 million in transactions, mostly smaller deals. Domestic and CEE investors accounted for 15% of volume, while US capital rose to 23% after Realty Income’s €250M Eko-Okna acquisition. Retail activity fell 36% y/y but stayed driven by small parks and convenience properties.
Living assets gained traction (€227M, +172% y/y), as foreign investors seek higher yields than in Western Europe. Poland’s 3.4% GDP growth and falling interest rates support sustained demand.
