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.

Construction work is underway on the 5-star Mearl Hotel in Kołobrzeg on the Polish Baltic coast. The hotel, which is being built right on the beach, will be one of the most luxurious offerings in Pomerania, with 369 high-standard rooms, a spa centre and a range of premium solutions such as a designer club, a cigar smoking room and a sky bar overlooking the sea. The planned opening date is mid-2026.

Ligentia, a leading provider of supply chain technology and services, is continuing its growth in Prologis Park Poznań II. Following the signing of a new lease agreement, the company has expanded its leased space by almost 18,000 square meters, reaching a total of 41,000 square meters in one of Prologis’ key logistics parks in the region. 

Panattoni has completed construction and handed over a manufacturing and logistics facility to Valmet Automotive - a supplier of roof and kinematic systems for the automotive industry. The investment, realised in a build-to-suit (BTS) format, expands the existing factory in Żary. 

Over the past five years, public institutions have leased more than 400,000 sqm of office space in Poland’s key markets, primarily in Warsaw. However, due to their specific nature, state institutions are not typical tenants. As a result, finding the right space and negotiating lease terms can sometimes be a time-consuming and complicated process, according to Marcin Kowal, Associate Director, Office Department, Newmark Polska.

Peakside Capital Advisors is preparing to launch a warehouse project within the Tricity metropolitan area. The urban logistics park will be located in Przejazdowo, near the Gdańsk Wschód interchange, which connects the S7 expressway with Gdańsk city centre. The scheme will comprise two warehouse facilities with a total area of over 20,000 sqm, offering units starting from 1,700 sqm. Completion is scheduled for summer 2026.

According to a report published by Newmark Polska, during the first quarter of 2025, Poland’s regional city office markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, Szczecin) saw stable occupier demand, with lease regearing prevailing amid growing expansion activity. Office availability remained at a significant level. Limited construction activity concentrated in three cities – Kraków, Poznań and Wrocław – which accounted for 68% of the total development pipeline.

Romania has elected a new president in a landmark vote, with independent and pro-European candidate Nicușor Dan defeating far-right rival George Simion with 54% of the vote. The result marks a major political shift, as neither of Romania’s traditional parties advanced to the final round. In Poland, the second round of the election is to take place amidst the fiscal clarity issues.

Panattoni has secured two new tenants for its investment in Siedlce (eastern Poland). FoodWell – a leading player in the dried fruit and nuts market – will occupy 5,700 sqm in an existing building. Over 6,200 sqm of new warehouse space will be developed for a second tenant, a logistics operator.

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.