Still flying high: Despite a subdued start to 2019 and fears of a continued brain drain, Poland remains a magnet for investors
Is Poland’s booming commercial property market in danger of slowing down?
Earlier this year, Colliers International released figures showing that Poland’s economic boom has led to office development reaching traditional cycle highs. In Warsaw, office space under construction constitutes over 13.5 percent of the existing modern office space in the whole city. In the country’s regional cities, construction levels vary from 10 percent to 28 percent.
“We do need to question the durability for the demand for office space,” says Andrew Angeli, head of European strategy & research at CBRE Global Investors.
“Demand has been phenomenal over the last couple of years, incredibly so in Warsaw. But can that continue if capacity constraints continue to go on? That’s something we do need to think about.”
In 2017, the EU’s European Committee of the Regions assembly estimated that nearly 580,000 highly-educated Poles lived in another EU country — o