The total value of completed transactions in Poland's commercial real estate market reached €4.3 billion, down 12.9% year-on-year, although the office and industrial sectors returned to growth, finds a report by Savills.
The data shows that 45% of total volume was generated in Q4, signalling improving liquidity and strong investor determination to close transactions before year-end. The decline in volume stemmed from postponement of several large transactions to early 2026 rather than lack of interest in Poland.
"Poland is entering 2026 with strong confidence. Supportive fiscal and monetary policies, combined with accelerating investment activity, mean that GDP growth could reach as much as 4% in 2026, making our market one of the most attractive destinations for capital in the region," says Wioleta Wojtczak, Head of Research, Savills Poland.
The office sector completed more than 50 transactions worth almost €1.8 billion, representing year-on-year increases of 8.5% in transaction count and 7.4% in value. In Warsaw, 88% of investment value across 17 transactions was concentrated in the central zone. Czech and Polish capital were most active, accounting for 38% and over 30% of transaction value respectively.
The industrial and logistics sector recorded 34 transactions worth approximately €1.5 billion, an 11.8% year-on-year increase. US investors remained most active with over 41% of total investment volume, followed by Czech investors with 23%. The largest transaction was the portfolio sale of two Eko-Okna manufacturing facilities to US-based Realty Income.
