Poland Real Estate Investment Tops €1 Billion
Polish commercial property market rebounds in Q1
Poland’s commercial real estate market recorded a strong rebound in the first quarter of 2026, with total investment volume exceeding €1 billion, marking a 44% year-on-year increase and the strongest start in four years.
According to CBRE data, total investment reached around €1.02 billion despite a lower number of transactions, indicating a rise in deal size and growing focus on large-scale assets.
Logistics sector drives growth
The industrial and logistics segment accounted for roughly 42–44% of total investment, or about €447 million, making it the dominant sector.
This reflects continued demand linked to e-commerce expansion and supply chain restructuring, as well as strong interest from international investors, particularly US capital.
Retail and office segments remain resilient
Retail captured around 30% of total investment volume, reaching approximately €318 million, while office investments totalled about €245 million, or 23% of the market.
Office transactions were completed both in Warsaw and regional cities such as Kraków, highlighting geographically diversified demand.
Fewer deals, larger transactions
The number of transactions declined by around 30% year-on-year, but average deal sizes increased significantly, pointing to a shift toward institutional-scale investments.
Domestic capital accounted for roughly 8–9% of the market, with Polish investors particularly active in the office segment.
At the same time, international investors remain dominant, with Czech, Hungarian and US capital targeting different sectors.
Market stabilisation signals emerging
Following a period of high uncertainty and rising financing costs, the market is showing signs of stabilisation. The rebound in investment volumes suggests improving sentiment and gradually strengthening fundamentals.
However, risks remain, including geopolitical tensions and potential inflationary pressures that could impact interest rates and investor behaviour.
As International Investment experts report, Poland’s commercial real estate market is entering a recovery phase marked by capital concentration and a focus on prime assets. The rise in transaction values alongside fewer deals indicates a structural shift toward institutional investors, potentially enhancing market resilience while limiting access for smaller players.
FAQ
How much investment was recorded in Poland in Q1 2026?
More than €1 billion.
Which sector led the market?
Industrial and logistics assets.
Why did deal numbers decline?
Investors focused on larger, higher-quality transactions.
Who are the main investors?
US, Czech, Hungarian and Polish investors.