Despite the ascent in capitalization rates and prevailing global uncertainties, investors have executed agreements exceeding 741 million euros - a figure surpassing fourfold that of the preceding quarter in 2023. 

The volume of leased office space reached a new record high in the third quarter of 2023. The total transaction volume increased by more than 85% compared to the same period last year.

According to the report, the Warsaw real estate market concluded the third quarter with a total office space supply of 6.2 million sqm. Merely 1,900 sqm were introduced for use as part of the S-Bridge Office II project.

In recent years, the commercial real estate market in Poland has seen an accelerated growth in mixed-use schemes. Approximately 40 mixed-use developments have been completed in our country, and this market segment is gaining momentum.

With its total warehouse, industrial and logistics stock surpassing 30.6 million sqm at the end of June 2023, the Polish market entered the European Union’s top three.