In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors. An important event was again the change of ownership of the Warsaw Metropolitan office building, the value of which exceeded PLN 1 billion.

The commercial real estate market, together with many other economic areas, after being impacted heavily by the Covid pandemic, is undergoing recovery. These positive indicators are also mirrored in the retail real estate sector.

During Q3, the modern office space stock located outside of Warsaw grew by less than 20,000m². Throughout this period, tenants have leased over 113,000m² of space, mainly through the signing of new contracts, or by contract renewals.

A significantly increased tenants activity, new square metres handed-over in various types of projects, a break put on the growth of the vacancy rate and people filling up offices again.