Commercial real estate investment in Poland reached €1.71 billion in the first half of 2025, matching 2024 levels. Polish investors increased their market share, accounting for around 40% of office transactions in the first six months, highlighting growing activity among domestic players.
The performance continues the strong rebound that began in 2024. Investor activity spans all sectors from logistics and retail to offices and private rental sector. "This shows that the appetite for Polish assets is driven not by a temporary increase in demand for a single sector, but by confidence in the potential of the entire real estate market in Poland," says Paweł Partyka, Head of Capital Markets Poland at Cushman & Wakefield. He anticipates 2025 will close with approximately €4 billion worth of deals.
Poland's GDP expanded 3.4% year-on-year in Q2 2025, reinforcing positive investor sentiment. "The robust economy directly impacts the capital market in the real estate sector, boosting confidence in our market's stability and potential," adds Krzysztof Misiak, Head of Cushman & Wakefield Poland.
Office transactions totalled nearly €400 million in H1, with domestic investors targeting high-quality assets and competing with international players. Warehouse investment reached €694 million, more than doubling year-on-year. Retail investment hit €320 million across 21 transactions, marking the strongest performance in five years.
Hotel investment volume reached €81 million, placing Poland second in the CEE region. Warsaw led new supply with four hotels adding 647 rooms, growing the city's hotel stock by 3.8% year-on-year.
