Our Market Insights Q3 report summarizes the trends and events on the commercial real estate market in Poland in the past third quarter of 2022. It presents factors affecting the situation in the investment, office, retail and warehouse sectors.
Record high level of inflation and economic challenges i.e.: growing costs of running a business, construction costs caused by the increase in fuel prices, restrictions in the supply of raw materials and materials slightly slowed down the economic situation on the commercial real estate market. Their greatest impact was recorded in the volumes of space under construction in all sectors. However, the demand generated by tenants and investors allocating capital in real estate assets remains stable.
The most important trends on the market include:
- Concentrating the new supply of retail space only on retail parks with a daily shopping profile
- Declining volume of office space under construction
- Quarterly increase in the vacancy rate in the industrial and logistics market for the first time in two years
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