Logistics letting markets have generally held up well despite weak economic growth which is expected to remain positive in 2024. Indeed, GDP growth started to pick up in the Euro area at the beginning of the year from +0.5% in 2023 to +0.8 % forecast in 2024.

The Polish industrial and logistics market continues its strong growth momentum, reveals BNP Paribas Real Estate Poland in its latest report “At A Glance – Industrial and Logistics Market in Poland” for the second quarter of 2024. With robust occupier activity and stable volumes of new construction, Poland is among top European industrial markets.

Despite persistently high interest rates and geopolitical tensions, growing investor interest - particularly in retail assets - is a sign of stabilization and a forthcoming recovery later in the year, says BNP Paribas Real Estate Poland in its latest report “At a Glance: Investment Market in Poland” for the second quarter of 2024.

At the end of the second quarter of 2024, more than 40% of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.

BNP Paribas Real Estate Poland presents a summary of the second quarter of 2024 in the Polish capital in its latest report “At a Glance. Warsaw Office Market”. Only one new office building was added to Warsaw’s office stock in the surveyed period. With office demand remaining stable, landlords have no choice but to accept lease renewals as a new trend on the rental market.

The second quarter of 2024 on the Polish retail market saw strong development activity. Retail parks remained the most sought-after asset class. The growing trend towards demolishing shopping centres is opening up opportunities for new residential and office projects, says BNP Paribas Real Estate Poland in its latest report “Modern Retail Market in Poland”.