Poland’s commercial real estate market is showing strong signs of stabilisation. According to the latest report by BNP Paribas Real Estate Poland, the total investment transaction volume for January to September 2024 exceeded €2.68 billion, marking a year-on-year increase of nearly 57%, with office assets being the top-performing sector.

According to the latest report by Newmark Polska, nearly 2 million sqm of warehouse and industrial space was under construction across Poland in the third quarter of 2024. This, coupled with relatively stable leasing activity, pushed the overall vacancy rate down to 8.0% by the end of September (quarter-on-quarter). This rate is expected to continue its downward trend throughout 2025. Occupier demand remains firmly focused on energy-efficient, sustainable and high-tech warehouses.

The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).

Only one new office building has been completed in Prague in Q3 of 2024. On the other side, efforts to upgrade some older properties have continued either on an ongoing basis or by temporarily taking them off the market, according to a survey prepared by Colliers. 

According to the 2024 European Purpose-Built Student Accommodation (PBSA) Investment Barometer, conducted by The Class Foundation and Savills, involving investors and operators with portfolios totalling over 132,000 beds across Europe, with an asset value of c.€25.3 billion, respondents expect to increase the number of beds they have by 70% over the next 2-5 years. 

Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest. 

Logistics investor Prologis has secured a €225 million framework loan from the European Investment Bank (EIB) to add photovoltaic systems and storage facilities to its projects across Central and Western Europe. 

The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.

GLP has begun construction of its second logistics centre in Lędziny, in southern Poland. The building will ultimately offer 40,000 sqm of space, 10,500 sqm of which has already been leased to D&H Engineering, a company specialising in metal component processing using CNC machines and serving global customers in the automotive, off-road, hydraulic, and engineering sectors.

P3 Logistic Parks has constructed a facility in P3 Warsaw I Park for Rohlig SUUS Logistics – Poland's largest logistics operator.