Poland ranks among the most attractive countries in Europe for investors. One of the key reasons is the expected increase in returns on commercial real estate, driven by pressure on rental rates, according to CBRE’s 2026 Poland Real Estate Market Outlook report. Transactions are covering not only single assets, but also portfolios and entire platforms. At the same time, access to financing for property acquisitions is improving, which is set to provide further support for the investment climate in the Polish market.
According to CBRE, Polish cities, led by Warsaw, are among the fastest-growing urban centres in Central and Eastern Europe, while Poland is expected to maintain its position as one of Europe’s leaders in economic growth. Oxford Economics forecasts that in 2026 Warsaw will be the leading growth city in Europe, supported in part by the continued expansion of the IT and business services sectors.
“In 2026, Poland will maintain its position as Europe’s growth leader, driven by investment, consumption and a recovery in exports, alongside relatively stable inflation and low unemployment. We expect activity to increase, fuelled by improving sentiment, expanding supply and investor interest, including increasingly active domestic buyers. Poland is strengthening its position among Europe’s top markets, and improving financing conditions are supporting the investment climate,” says Przemysław Felicki, Director in the Capital Markets department at CBRE.
Positive outlook
As pricing expectations between buyers and sellers continue to converge and interest rates stabilise further, CBRE experts expect sentiment in Poland’s commercial real estate market to improve, along with a greater willingness to bring assets to market.
“In the retail sector, we expect to see further transactions involving core large shopping centres, while at the same time liquidity in stand-alone products will continue to increase. We also expect portfolio acquisitions involving retail parks, as well as grocery platforms and portfolios. In the office sector, there will be further opportunities for attractive acquisitions with high expected returns. However, as the market for prime assets becomes more clearly defined, 2026 may also bring core and core-plus transactions exceeding EUR 100 million in volume. Polish capital will remain particularly active in this sector,” says Przemysław Felicki of CBRE.
CBRE experts also note that logistics investors are still seeking opportunities in the forward-funding model, while sale-and-leaseback transactions with long lease terms are also expected to remain present. The market will continue to offer value-add acquisition opportunities, which appear to be especially attractive for capital from the CEE region and the United States. With the entry of several French investors, the pool of buyers interested in acquisitions in this sector is also expanding.
Record PRS transaction on the horizon
In the institutional private rented sector (PRS), the market is expected to see the completion of a major transaction involving the acquisition of the Resi4Rent platform by a German company. Investor interest is also likely to remain visible in the student housing and senior housing segments. In addition, further PBSA portfolios are gradually being built and may attract investor attention in the near future, while discussions continue in the background about opening the way for institutional senior living projects.
Poland is facing significant demographic challenges, including an ageing population and a projected decline in the number of workers. As a result, new solutions will need to be developed, such as AI-driven automation and an active migration policy. The real estate market will gradually deliver more space tailored to the needs of older residents.
