Friday, 17 April 2026
Poland’s commercial real estate investment volume reached €1.02 billion in the first quarter of 2026, marking a 43 percent year-on-year increase and the strongest opening to a year in four years, according to market data.
The result was driven by a smaller number of larger transactions, with deal volume falling to 29 from 42 a year earlier, indicating lower liquidity but higher average ticket sizes. Activity included transactions exceeding €100 million across all major sectors.
The industrial and logistics segment accounted for the largest share, with approximately €447 million invested, supported by continued demand for income-secured assets and sale-and-leaseback structures.
“The pricing consensus between buyers and sellers is becoming more common, which is reflected in the recovery in investment activity, primarily driven by foreign capital inflows,” said Bartłomiej Krzyżak, Senior Director, Investment.
Retail investment totalled €318 million, with activity supported by a large portfolio transaction and ongoing demand for retail parks and grocery-led assets.
“Poland’s retail sector continues to attract strong investor interest,” said Artur Czuba, Director, Investment. “The wide variety of product makes the market accessible to both domestic and international capital.”
The office sector recorded €245 million in transactions, including several prime assets in Warsaw and Kraków. While regional markets accounted for the majority of deals, their share of total volume remained limited.
Domestic investors represented around 9 percent of disclosed activity. Overall, the market continues to show signs of recovery, with capital focusing on core assets and larger-scale opportunities.
Source: Avison Young
