{"id":4989,"date":"2026-04-23T15:54:10","date_gmt":"2026-04-23T15:54:10","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=4989"},"modified":"2026-04-23T15:54:10","modified_gmt":"2026-04-23T15:54:10","slug":"office-market-makes-a-comeback-with-a-strong-opening-to-2026-and-rising-investor-activity-98074","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/office-market-makes-a-comeback-with-a-strong-opening-to-2026-and-rising-investor-activity-98074\/","title":{"rendered":"Office market makes a comeback with a strong opening to 2026 and rising investor activity"},"content":{"rendered":"

The first quarter of 2026 brought a clear rebound in Poland\u2019s commercial real estate market. Transaction volumes increased across all sectors, including the office segment. Demand for office space also remains strong, pointing to a gradual recovery in the market\u2019s potential.<\/strong><\/p>\n

Positive signals are also emerging from the investment market this year. In Q1 2026, the value of commercial real estate investment in Poland exceeded \u20ac1 billion\u2014over 40 percent higher year-on-year and the strongest result for this period in several years. Although the number of transactions declined, their total value increased (\u20ac635 million in Q1 2025).<\/p>\n

In the office sector, transactions totaling \u20ac245 million were concluded (+40 percent year-on-year). They were carried out both in Warsaw and in regional markets, which accounted for the majority of acquisitions but only one quarter of the total transaction volume.<\/p>\n

Recently, several prime transactions have been completed, including the purchase of Lixa D by a Swiss family fund and the acquisition of the Royal Wilanow complex for \u20ac100 million by the Czech fund Wood & Company from Capital Park Group. Brain Park A in Cracow was, in turn, purchased by the French company Arkea Real Estate.<\/p>\n

For comparison, in Q1 2025 the value of office transactions amounted to \u20ac176 million (+60 percent year-on-year), with the largest deal being the acquisition of Wronia 31 by Uniqa Real Estate. At that time, value-add and opportunistic assets dominated.<\/p>\n

\u2013 The value of investment transactions recorded this year indicates a market recovery. We expect this trend to continue, along with an increase in investment activity supported both by the growing involvement of domestic capital and the gradual return of core capital and prime transactions \u2013 \u00a0says Bart\u0142omiej Zagrodnik, Managing Partner and CEO at Walter Herz. \u2013 However, investors remain selective, choosing buildings that stand out in terms of quality and long-term stability. They are seeking security, targeting prestigious locations and assets characterized by strong operational resilience and energy security. Some buyers are also looking for opportunities to generate higher returns through investments in assets with potential for improving profitability \u2013\u00a0 he adds.<\/p>\n

Bart\u0142omiej Zagrodnik also admits that, on the one hand, the current geopolitical situation may negatively affect this process by slowing further interest rate cuts, thereby limiting the potential to reduce the cost of capital. On the other hand, the conflict in the Middle East may paradoxically redirect some capital to Europe, including Poland.<\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n