In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors.

The commercial real estate market, together with many other economic areas, after being impacted heavily by the Covid pandemic, is undergoing recovery. These positive indicators are also mirrored in the retail real estate sector.

Office employees have slowly been returning the offices, tenants were waking-up to the new, hybrid reality and owners of office buildings property managers began to deliberate more and more about rising utility costs.

A significantly increased tenants activity, new square metres handed-over at in various types of projects, a downturn break put on in the growth of the vacancy rate and people filling up offices again.

What will offices look like once the pandemic is over? Five quarters of a health crisis later and there is still no clear answer for Warsaw’s office market.

The industrial and logistics market is breaking new records. As at the end of Q2 developers were working on projects set to increase Poland’s stock of modern space by more than 3.3 million sqm.

In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors.

As at the end of H1, the volume of office space in the regions stood at nearly 5.96 million sqm, which means that the total stock in the eight key cities is now in the pursuit of the volume of supply in Warsaw.