Office markets across the six largest CEE capital cities, Prague, Warsaw, Budapest, Bucharest, Bratislava, and Sofia, have entered a new phase characterized by a severe supply crunch.

Lavinia Ioniță Rasmussen, NNDKP Real Estate Partner, tells Property Forum that institutional investors have constructive outlook on Bucharest's real estate market. At the same time, she expects retail, logistics and renewable energy to drive mandates for NNDKP's real estate practice this year.

Solida Capital has announced its first residential development in Romania, a boutique project in Sector 1, Bucharest, as part of a joint venture with Radox.

Poland continues to attract investors from across Europe, but the profile of that capital is changing. As regional players become more active and some Western institutions take a more cautious approach, new opportunities are emerging across a range of sectors. Speakers of the first panel at Future of Real Estate 2026, a conference organised in Warsaw, agreed that the country’s strong economic fundamentals remain intact, but unlocking the next wave of growth will require greater market liquidity, larger investment platforms and a deeper pool of domestic and regional capital.

Gijs Klomp, Head of Business Development at WDP Romania, talked to Property Forum about the company's strategic focus on long-term tenant partnerships and built-to-suit developments. He detailed how infrastructure improvements and the defence sector are creating new industrial growth.

Tatuum has leased approximately 18,500 sqm of warehouse and office space in Łódź. The Polish fashion brand has relocated to Marq Logistics Łódź III located in the eastern part of the city.

The branded residences segment continues to gain traction across Central and Eastern Europe, as developers increasingly combine hospitality services, premium architecture and lifestyle-driven real estate concepts into hybrid destination projects. In Romania, one of the newest developments following this direction is Jakob Sonne Resort, a premium mountain resort currently under development by Skyline Europe in Poiana Brașov.

European investors continue to lead commercial real estate investment across the continent, accounting for 48% of activity in Q1 2026, according to BNP Paribas Real Estate data. American investors follow with 31%, while Asia Pacific investors represent just 7% and Middle Eastern investors 2%.

NEPI Rockcastle said its Q1 net rental and related income (NOI) reached €157.7 million, up 3.4% versus Q1 2025. Property NOI increased 3.2% to €155.4 million, while net revenue from energy activities rose to €2.3 million, reflecting the scaling of the group's renewable energy platform.

Commercial real estate investment in CEE is on track for another record year, with Prague maintaining its position as the region's safest market, according to Colliers.