The transactions volume on Poland’s property market hit a new record in 2011, reaching €2.5bn in 2011, according to Polish Properties in its ‘Factsheet Property Market Poland Spring 2012’ report. Yields fell to 6.5 percent for offices and retail in 2011, while for the warehouse properties it has dropped to 8.5 percent. Last year also saw record leasing action, with 1.7m sqm in deals signed, leading to a decline in the vacancy rate and rent stabilization. The report also shows a significant drop in the vacancy rates in the office market of all Polish cities, due to the rising demand and limited supply. In Warsaw alone, vacancy fell to 6.7 percent, while in the largest Polish cities it’s being reported at 9 percent.
