The scale of office projects implemented in Poland today is much smaller than in previous years, and the demand for space is still high, says Walter Herz. 

Investors in Poland are looking for projects that can ensure a good profit. Will we soon see a flood of investments based on changing the function of existing real estate on developed land? Piotr Szymoński, Director at Walter Herz tries to answer that question. 

Walter Herz has opened a branch in Tri-City, which will be managed by Jarosław Zdzitowiecki, who took the position of Associate Partner/Head of Tri-City in the company.

Demand for Warsaw offices remains at the level we saw during the market boom, despite the fact that many tenants are optimizing their floor space, says Walter Herz.

In 2023, offices in Poland will be more expensive, and their availability in the top locations of the largest cities will be lower, says Mateusz Strzelecki, Partner, Head of Tenant Representation at Walter Herz.

The volume of investment transactions recorded in the hotel sector on European markets in the first half of 2022, reached a similar level to last year's. The UK remains the most active market, followed by France, Italy, Spain and Germany, says Walter Herz.

This year’s increase in supply and the value of transactions in the retail sector in Poland have a chance to exceed last year's level, says Walter Herz.

Retail parks are growing in smaller Polish towns, mixed-use facilities and new residential estates provide commercial space in large cities, says Walter Herz.

Rent and maintenance charges are rising, lease periods are being prolonged, and contracts are subject to higher and higher annual indexation of rates. Nevertheless, offices in all markets in Poland still enjoy record-high popularity

In the first half of the year, investors were as eager to locate capital in Central and Eastern Europe as in Western real estate markets. However, global economic changes and the uncertainty they bring mean that investment decisions are now more and more often withheld. According to Walter Herz advisers, the annual results may not be as good as the six-month results.