The Polish commercial real estate market posted a record €7bn investment volume in 2018. The country’s office and industrial sectors, in particular, set new highs with last year’s trading volumes hitting nearly €2.6bn and €1.9bn, respectively. The office market experienced the strongest increase in investment activity, with volumes up by almost 88 percent compared to 2017 and accounting for 37 percent of 2018’s total. The industrial sector was the second fastest growing sector, with the investment volume up by 72 percent. More than 3.2 million sqm, or 20 percent of Poland’s total industrial and warehouse stock, changed hands during 2018. Retail investment increased by 33 percent, accounting for 36 percent of the total volume recorded in 2018. With all transactions closed, prime office and retail yields in Warsaw hit record lows, coming in at 4.75 percent and below 4.5 percent, respectively.
