Poland's regional office markets recorded total take-up of 307,350 sqm in the first half of 2026, representing a 20% decrease year-on-year, according to data from Avison Young. The combined modern office stock across the eight tracked regional cities stands at 6.76 million sqm, with a vacancy rate of 17.3%, down 0.1 percentage points quarter-on-quarter and 0.2 percentage points year-on-year.

Investment activity in Central and Eastern Europe's commercial real estate market continued to grow in the first half of 2026, with total transaction volumes across Poland, the Czech Republic, Hungary, Romania and Slovakia exceeding €5.5 billion, a year-on-year rise of 6%, according to a new report by Knight Frank. Czech investors accounted for approximately €2 billion of that total, representing 36% of all commercial real estate investment in the region.

The Czech commercial real estate investment market recorded approximately €1.02 billion across more than 30 transactions in Q2 2026, more than double the volume seen in Q1, according to analysis by Colliers. Residential assets accounted for the largest share at approximately 38% of total investment, with office properties close behind at 35%. Mixed-use, industrial, alternative, hotel and retail assets made up the remainder of a diversified quarter. Czech capital dominated overall, though Western European and global institutional investors also participated.

NEPI Rockcastle, Europe's third-largest listed retail real estate company by portfolio value, reported net operating income of €318 million for the first half of 2026, a 3.8% year-on-year increase. The result was driven by rental indexation, active leasing and tighter cost control, with a recovery rate of 96%. Like-for-like tenant sales rose 2.7%, supported by a 3.3% increase in average spend per visit. Occupancy stood at 98.2%, and a €126 million valuation uplift brought the total portfolio value to €8.4 billion.

Investment transaction volume across the CEE-5 region (Poland, Czech Republic, Slovakia, Hungary and Romania) reached €5.5 billion in the first half of 2026, up 6% year-on-year, according to a Knight Frank report. Poland remained the largest market, accounting for 55% of total volume, with transaction volume rising 77% year-on-year. Knight Frank forecasts that annual investment volume in Poland could reach €6 billion in 2026, the highest level since the pandemic. The Czech Republic accounted for 26% of CEE-5 volume, Hungary for 11%, and Romania and Slovakia for 4% each.

Poland's hotel market has entered a phase of stable growth after several years of post-pandemic recovery. More than 2,600 hotels are currently operating in the country, with the number of available beds rising from 321,000 to 334,700 between 2024 and 2025, a 4.3 per cent year-on-year increase. As of March 2026, 263 hotels operated under 58 brands belonging to 17 international chains. "After several years of recovery, the Polish hotel market has entered a phase of stable growth. Demand remains strong, while hotels continue to improve their operating performance. Investor activity is robust, and alongside new projects and the expansion of international brands, the modernisation and repositioning of existing properties are becoming increasingly important," said Katarzyna Tencza, Transaction Director at Walter Herz.

The Horizon City residential development in northern Bucharest has secured €36.5 million in financing from Libra Internet Bank. The funds will support the continuation and acceleration of construction works, with full project completion now targeted for the first half of 2027, six months earlier than originally announced. The financing is structured to provide resources independently of the pace at which advance payments are collected from buyers under pre-sale agreements.

Investment volumes in commercial real estate in the Czech Republic reached almost €1.14 billion in the first half of 2026, with the residential sector emerging as the second strongest investment segment. The period was shaped largely by Wood & Company's acquisition of 760 rental apartments in the Písnice district of Prague, which remains the largest investment transaction on the Czech market so far this year. According to Savills, the limited supply of large residential portfolios highlights growing institutional investor interest in the sector.

Czech real estate company PSN has completed the acquisition of an office building at Botanická 56 in the Brno-Veveří district. The seller was Safichem Group, the industrial group of which tenant Aquatis forms a part. Existing tenancy arrangements remain unchanged, with Aquatis continuing to occupy the building.

The commercial real estate investment market across six Central and Eastern European countries recorded transaction volumes of €5.8 billion in the first half of 2026, according to analysis published by Colliers. The figure represents a notable improvement on recent years and signals a recovery in investor confidence across the region, though capital continues to flow selectively into assets with stable income generation, strong ESG performance and a competitive market position.