After several years of reduced activity, the commercial real estate investment market is entering a new cycle. The value of investments in Poland has grown from €2 billion to over €5 billion per year, according to the CBRE report “Poland Real Estate Market Outlook 2025.” This figure is only slightly lower than the total investment volume in all other Central and Eastern European (CEE) countries combined. In 2025, investment value is expected to continue rising. Among the preferences of investors operating in the region, warehouses lead with 37% interest, followed by residential properties, in which more than one-quarter of investors plan to allocate their capital.
“Investor plans for 2025 in the CEE markets primarily focus on the logistics sector, with 37% of businesses intending to invest in it. Additionally, they favor less mature local asset classes, such as the residential sector, which includes institutional rental housing and student accommodation. This sector is preferred by 26% of investors. There is also growing interest in the retail and hospitality sectors. While demand for office spaces is slightly lower than the previous year, attractive opportunities are still being sought,” says Przemysław Felicki, Director of Capital Markets at CBRE.
In 2025, 13% of investors plan to allocate capital to the retail sector, while one in ten will prioritize offices. Compared to the previous year, interest in the hospitality industry has increased by three percentage points, with 8% of businesses planning to invest in the sector in the coming months.
Capital Flowing into Poland
Poland, particularly Warsaw, is considered one of the best locations for European investors seeking commercial real estate assets. In 2024, over €5 billion was invested in the country, marking a 1.5-fold year-over-year increase. This amount is nearly equivalent to the combined total investments in other CEE countries, where the overall capital inflow last year reached €5.4 billion.
“After two to three years of declines, reduced activity, and increased investor caution, we are entering a new cycle. The trend is positive—the real estate market is beginning to recover. We expect 2025 to be even better than the previous year, with an increase in transactions and potential price growth. We see growing interest from foreign capital in Poland. From a macroeconomic perspective, our country offers excellent growth and development prospects. We have strong economic fundamentals, a talented workforce, and skilled labor. Although challenges remain, particularly those related to geopolitics, there is no indication that they are causing investor anxiety,” says Przemysław Felicki.
Source: CEO.com.pl
