Office developers and tenants remain cautious
Leasing activity in Poland’s regional city office markets remained stable in the April to June period while developers continued to exhibit caution with regard to commencing new projects.
Polish CRE investment remains under pressure from global monetary policy
Investment volumes in the second quarter remained under strong pressure from interest rate hikes and rising treasury bond yields across Europe.
A good Q2 2023 for the office sector in Warsaw
The report’s authors also note that despite renewed construction activity and new starts, developers remain cautious about commencing projects.