Articles
AI is poised to transform CRE landscape
Amid technological advances, growing client demands, legal regulations and the need to urgently respond to economic developments, the commercial real estate market is increasingly being influenced by AI-based solutions. According to AI in Commercial Real Estate, a report from BNP Paribas Real Estate Poland, sophisticated technological solutions are becoming - and will continue to be - key at all stages, from project planning and construction to tenant screening, property and energy management, and even investment.
Industrial and logistics market shows resilience
Poland’s industrial and logistics market is stabilising following the sweeping changes of recent years and is expected to maintain its momentum, reveals At a Glance. Industrial and Logistics Market in Poland, Q3 2024, the latest quarterly report from BNP Paribas Real Estate Poland. Market fundamentals remained stable throughout the third quarter of 2024, with no significant changes in supply, demand or vacancy rates.
Poland sees higher transaction volumes as investor sentiment improves
Poland’s commercial real estate market is showing strong signs of stabilisation. According to the report At a Glance. Investment Market in Poland, Q3 2024 from BNP Paribas Real Estate Poland, the total investment transaction volume for January to September 2024 exceeded EUR 2.68 billion, marking a year-on-year increase of nearly 57%, with office assets being the top-performing sector.
Regional city office markets: developers face a challenge of vacancy rate stabilisation
In the third quarter of 2024, Poland’s regional city office markets demonstrated stability, though elevated vacancy rates remained a significant challenge, hindering development activity. The combined office stock of the eight key regional cities reached 6.73 million sqm. With 1.82 million sqm of office space, Krakow continued to lead the way, ahead of Wrocław (1.37 million sqm) and Tricity (1.06 million sqm).
Warsaw office market stable despite low supply and growing occupier expectations
Leasing activity on the Warsaw office market continues unabated despite low new supply levels, pushing the vacancy rate down to 10.7%. Meanwhile, pre-lets are on the rise, indicating growing occupier interest in office buildings under construction, reveals “At a Glance – Warsaw Office Market” for Q3 2024, the latest quarterly report from BNP Paribas Real Estate Poland.
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