Full steam ahead (for now)

The total investment volume on the Polish commercial real estate market in H2 is likely to hit EUR 4.3 bln, bringing the total for the year up to around EUR 6.9 bln, predicted Michał Ćwikliński, the managing director of Avison Young, in the opening presentation of the event. As he pointed out, the figure is down from last year’s EUR 7.2 bln, but the slip downwards is in line with global investment trends. “At the same time, it should be noted that the demand on the warehouse market is huge, but there is still a lack of product and so it has become very difficult for investors to buy real estate at good prices that would meet their expectations or business plans,” he added. The head of Avison Young also pointed out that 55 pct of the total value of transactions is attributable to the office market for the first time in its history. As much as EUR 2.3 bln has been invested in offices in Warsaw alone so far in 2019. Interestingly, the Mokotów district and the city&rs