PL

25 million square metres on the clock

Feature
A quarter of a century after the political and economic landscape was transformed, the Polish commercial real estate market has become one of the most attractive in Europe. The fact that 25 mln sqm of offices, warehouses and shopping centres have been built in 25 years might be a coincidence – but it Is still a hugely significant number
If we were to compare the Polish real estate market to a car (unfortunately we cannot compare it to a Polish make), it would probably be a Korean model. In the same way that Asian manufacturers eventually started to compete in terms of the quality and the furnishing of the cars they produced, the Polish real estate market became attractive thanks to its balanced development and the quality of the products offered. Perhaps it is too early to say that we are one of the best brands, but we have already established our position in the ‘value for money’ segment. From outdoor bazaars to towers of glass In terms of scale, our country’s real estate scene is dominated by modern retail, which exceeded 10 mln sqm this year. Most of this volume was delivered in the last dozen or so years, since the segment entered the 21st century with only 1 mln sqm of such space completed. The dynamic development of this market since then has established Poland’s position as having one
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