With so many years of working in this market, you’ve seen things from different sides of the barricade. How do you, as someone with such extensive experience, assess the current state of the Polish commercial real estate market? In your view, which sector has seen the most development over the past decades, and which have maybe lagged behind the others?
Małgorzata Anna Poręba, director, ULI Poland: On the one hand, the market today is in adaptive mode – grappling with a new economy, the redefinition of asset values, and both climate and societal changes. On the other hand, we’re seeing a maturity and readiness within the industry to test new models of operation. It’s a moment when creativity, flexibility and investment responsibility truly become important advantages. If I had to identify the sector that has undergone the biggest transformation over the past two decades, it would undoubtedly be living – the residential market in its broadest sense