During the first three months of 2020, demand on the Warsaw office market was nearly 139,000 sqm, which almost matched the Q1 performance of last year. The vacancy rate fell by 0.3 pps, while 770,000 sqm is under construction. JLL summarised the Warsaw office market in Q1 2020.

The total value of investment transactions in the Polish real estate market for the first quarter was nearly €1.8 billion, which is the second-highest result on record for the first three months of the year. JLL analyses the investment transactions concluded in Q1 2020 in Poland’s commercial real estate sector.

International investor Aurec Capital has expanded its portfolio in the private rented sector (PRS) in Poland. The transaction of the Puławska 186 project completed between Aurec Capital Poland and Matexi Polska is worth over €22 million (PLN 100 million). JLL advised the investor on the purchase of the property.

JLL and CBRE have been selected by Immobel Poland as agents responsible for the commercialization process of Central Point in Warsaw. The investment is being built on the corner of Marszałkowska and Świętokrzyska Streets and above an intersection of the two metro lines of Warsaw.

Residential investments in Europe used to be the domain of certain specialised investors but that is now changing as other players that have previously invested exclusively in office or retail are looking at investments in the living sector. Maximilian Mendel, Head of Living Investment at JLL in Poland, talked to Property Forum about current trends in CEE residential investment.

The maturity of the industrial real estate sector in Poland’s five largest markets does not necessarily mean limited investment opportunities for developers and tenants. The importance of smaller markets has been growing recently in Poland, which gives the possibility to expand into locations that were previously out of developers’ and tenants’ interests, according to JLL.

A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.

The annual leasing volume on Poland’s industrial market reached 3.75 million sqm in 2019. The market grew by a record-breaking 2.8 million sqm while 1.9 million sqm of space is under construction. JLL summarised the industrial market in Poland for 2019.

According to JLL, CEE's real estate investment volume for 2019 hit €14.0 billion. Poland registered over 55% of this total (€7.7 billion) and was followed by the Czech Republic (€3.1 billion), Hungary (€1.7 billion), Slovakia (approx. €770 million), and Romania (approx. €683 million).

Last year saw excellent results in the office sector in Poland. Demand was a record breaking 1.6 million sqm. Total stock exceeded 11 million sqm with regional markets accounting for 5.6 million sqm and outperforming Warsaw for the first time. JLL summarised the situation on the Polish office market at the end of 2019.