Market Reports

With its total warehouse, industrial and logistics stock surpassing 30.6 million sqm at the end of June 2023, the Polish market entered the European Union’s top three.

Aktywność najemców w biurowych regionach od kwietnia do czerwca była stabilna, a deweloperzy pozostawali ostrożni przy rozpoczynaniu inwestycji.

Investment volumes in the second quarter remained under strong pressure from interest rate hikes and rising treasury bond yields across Europe.

Despite renewed construction activity and new starts, developers remain cautious about commencing projects.

The Polish retail market ended the first half of 2023 strongly, with its total stock amounting to 15.9 million sqm. In the past quarter, 66,000 sqm came on stream across Poland, bringing total new retail supply for January-June 2023 to 150,000 sqm.

Discover The Lighthouse, BNP Paribas REIM’s European Property Market Outlook. This House View emphasizes - through in-house forecasts, research and market expertise - our investment strategies in light of the expected macroeconomic and financial environment.

At the end of the first quarter of 2023, there was more than 2.1 million sqm of modern warehouse, logistics and industrial space under construction, down by around 1.25 million sqm compared to the fourth quarter of 2022.

Record-high inflation is sending office rents ever higher on regional markets, weighing heavy on tenants. The overall vacancy rate edged up by 0.6 pp in Q1 2023, with a supply gap becoming imminent.

Retail landlords are increasingly seeing and talking about the value of implementing green solutions based on sustainability and ESG strategies.