Office markets outside Warsaw achieved record gross leasing volume of 773,000 sqm in 2025, despite developers delivering the lowest new supply in two decades. The dominance of lease renewals signals tenants' preference to stay in current locations rather than relocate.

Three French investment funds have entered the Polish commercial real estate market through the acquisition of logistics assets, in moves supported by BNP Paribas Real Estate Poland.

The fourth quarter of 2025 marked the best period in a decade for Poland's retail real estate market. Retail parks led growth as developer activity surged and vacancy rates remained stable, according to a report by BNP Paribas Real Estate Poland.

The Warsaw office market closed 2025 with strong tenant demand and a notable drop in vacancy rates, according to a report by BNP Paribas Real Estate Poland, which finds that the market was shaped by a surge in lease renewals, active transaction activity in the final quarter, and new supply focused in central areas.

Focus Estate Fund has successfully repositioned Turawa Park in Opole, a 35,000 sqm shopping centre comprising a gallery, retail park and redeveloped DIY box. The transformation involved comprehensive architectural redevelopment, including facade renewal, interior reconfiguration and technical upgrades.

After the first three quarters of 2025, the Warsaw office market continues to experience constrained supply amid strong occupier activity, finds a report by BNP Paribas Real Estate Poland. Demand outstrips office availability, pushing vacancy rates down both in the city centre and in other locations across Warsaw.

In the Warsaw office market, tenants remain active and continue to seek offices in central locations despite the decreasing volume of newly delivered space. According to the BNP Real Estate Poland latest report, the current situation is influenced by the low supply of completed projects at the beginning of this year and planned investments in the coming years. Additionally, the decline in the vacancy rate translates into limited availability of space for tenants.

The European Bank for Reconstruction and Development (EBRD) is extending an €80 million portfolio risk-sharing guarantee to BNP Paribas Bank Polska to help increase access to green finance in Poland.

According to the latest report from BNP Paribas Real Estate Poland, retail development activity continues unabated. A total of 42,000 sqm was added to the Polish market in the first quarter, with this year’s new supply expected to surpass 400,000 sqm, approaching last year’s record volume.

More than 2.6 million sqm of industrial and logistics space was delivered across Poland in 2024. While this was below the new supply levels recorded in previous years, the Polish market remains in good shape. Vacancy rates edged down, with development activity driven by demand coming from retail and 3PL, according to BNP Paribas Real Estate Poland’s latest report.