The Central and Eastern European (CEE) commercial real estate market continued its rebound in the first half of 2025, says Knight Frank in its latest CEE Investment Market report.

Total investment volumes across the five key CEE markets (Czech Republic, Poland, Romania, Slovakia, Hungary) reached nearly €5 billion —  the equivalent of almost 60 percent of the total investment made during 2024. The Czech Republic took the lead with €2.1 billion, surpassing Poland for the first time, which recorded €1.7 billion. Together, these two countries accounted for 77 percent of all investment activity in the region.

Logistics remained the top-performing real estate segment, attracting 32 percent of total investment volumes — particularly in the Czech Republic, Poland and Slovakia. Offices followed with 23 percent of total volume, retail with 16 percent, hotels with 11 percent, and living with 8 percent. Knight Frank says the appeal of the logistics sector stems from st