Q&A: Polish commercial real estate market remains stable

The Polish commercial real estate market remains in very good health, which is evidenced by the strong interest of international investment funds. In the first three quarters of 2019, investment activity in Poland reached €4.4 billion ($4.9 billion), with offices accounting for over half of that total, says Piotr Kaszyński, managing partner, Cresa Poland. In a recent interview, Kaszyński shared his insights on the Polish market.

The Polish office market looks set for another record year, doesn’t it?

Yes, that’s right. There’s a fair degree of certainty that Warsaw will report the highest leasing volume on record. Office take-up hit 690,000 square meters (7.2 million square feet) in the first three quarters of the year compared to 624,000 square meters (6.7 million square feet) in the same period last year, with consolidating financial organizations being unusually active on the leasing market. The largest financial sector deals were done by m