Warehouse & industrial
Poland’s warehouse market picked up noticeably in the first half of 2026 after a year dominated by lease renegotiations. New leases and expansions made up 60 pct of tenant activity, while cautious development kept new supply in check. The vacancy rate fell from 7.1 pct at the end of March to 6.3 pct at the end of June, according to JLL.
Office & mixed-use development
Tenant activity slowed in Wrocław in the first half of 2026. Two office projects were completed in the first quarter, leaving no buildings under construction. The vacancy rate also edged down. However, with around 295,000 sqm of space available for immediate occupation, it will take time for the market to rebalance, according to Newmark Polska’s 'Office Occupier – Wrocław Office Market' report.
Residential
Flora Development has received an occupancy permit for Esy Floresy, its residential project at ul. Cybernetyki 7 in Warsaw’s Mokotów district. The development comprises 213 apartments across two buildings, with apartment handovers beginning in August. The developer is also preparing its next residential project and seeking further development opportunities in Warsaw.
Property and Facility Management
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing technical services across the 20,000 sqm building at ul. Przy Rondzie 4, beside the Mogilskie roundabout.
Warehouse & industrial
Poland’s warehouse market gained momentum in the first half of 2026 as occupier demand picked up while the development pipeline continued to shrink. Gross take-up rose 21 pct year on year, while net take-up – covering new leases and expansions – jumped 58 pct to more than 2.1 mln sqm. The vacancy rate fell to 6.3 pct and space under construction dropped to its lowest level in more than nine years. According to Axi Immo, the combination of strong demand and limited new supply could stimulate rent rises in many markets.
Investment & finance
Henley has completed the sale of Galeria Pestka, a 41,658 sqm shopping centre in Poznań, Poland, to OPAL CENTRES, part of DromeStar Group. During Henley’s ownership, annual footfall rose from 4.8 mln to 5.1 mln, returning above pre-pandemic levels, while occupancy remained above 95 pct.
Human resources
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as part of the company’s new management team.
Public buildings
Construction has begun on a new emergency care unit at Thomayer University Hospital in Prague, officially launched by Prime Minister Andrej Babiš and Health Minister Adam Vojtěch. The CZK 2.2 billion project is one of the hospital’s largest investments and forms part of the Czech government’s strategic healthcare infrastructure programme.
Office & mixed-use development
Drutex has begun the second phase of an expansion of its headquarters in Bytów, northern Poland. The PLN 30 mln project will refurbish its existing office building and connect it to the rest of the complex, which was completed last year. Allcon has been appointed as the general contractor.
Warehouse & industrial
Poland’s modern warehouse and industrial stock has reached 37.44 mln sqm. Demand rose by 47 pct year on year in the first quarter of 2026. At the same time, companies are raising their expectations of what such facilities should offer. Floor space and location remain important, but so do flexibility, automation and the potential for future expansion.
Retail & leisure
Poland’s retail property market saw a clear revival in the first half of 2026. Transaction volumes topped EUR 1 bln, surpassing the total recorded for the whole of 2025. Retail accounted for around one-third of all commercial real estate investment.
Retail & leisure
Power Park Kielce is being rebranded as BIG Kielce. From August 22nd, the retail park on ul. Radomska will operate under the BIG brand. BIG Poland acquired the property in April.
Residential
SGI has completed the penultimate building at its Łopuszańska 47 residential development in Warsaw’s Włochy district. Handover of the 87 apartments has now begun. Launched in 2022, the development will eventually comprise four buildings with more than 400 apartments.
Warehouse & industrial
Electrical engineering firm Chorus Research Engineering Distribution has leased nearly 10,000 sqm of warehouse space at CTPark Bucharest North.
Construction
Poland’s residential construction market is slowing, with 936 projects put on hold over the past year. Yet investors continue to prepare new projects, with activity in planning and design on the rise. According to Kompas Inwestycji, 1,219 projects reached the foundation stage or moved into construction between August 2025 and July 2026.
Residential
Resi4Rent has completed a 620-unit PRS development at ul. Bardzka in south-eastern Wrocław. The development is located between the Huby and Tarnogaj districts.
Residential
Atal has added 31 apartments to the Kraków residential market as part of its Zakole Wisły II project. The development is located near ul. Nowohucka. Prices range from PLN 14,100 to PLN 16,900 per sqm before interior finishing.
Warehouse & industrial
7R has signed a long-term lease with Berner Polska for nearly 6,500 sqm at its 7R Hub Nowa Huta logistics and technology development in Kraków.
Warehouse & industrial
Poland’s industrial and logistics market entered the second half of 2026 with demand rising and available space continuing to shrink. According to Cushman & Wakefield’s latest MarketBeat report, the vacancy rate fell to 6.6 pct in the second quarter, its lowest level since 2023. Tenants remained active in signing new leases during the first half of the year, while developers continued to take a cautious approach. The value of investment transactions in the logistics sector was also 13 pct higher than a year earlier.
Warehouse & industrial
Reino IO Logistics has completed Reino IO Piotrków BTS, a nearly 27,000 sqm cross-dock logistics centre in Piotrków Trybunalski, central Poland. The investor is the Polish Logistics platform, managed by Reino IO Logistics, while Kajima Poland was responsible for the design and general construction under a design-and-build contract.
Poland’s retail property market saw a clear revival in the first half of 2026. Transaction volumes topped EUR 1 bln, surpassing the total recorded for the whole of 2025. Retail accounted for around one-third of all commercial real estate investment.
Power Park Kielce is being rebranded as BIG Kielce. From August 22nd, the retail park on ul. Radomska will operate under the BIG brand. BIG Poland acquired the property in April.
Manufaktura in Łódź has opened a new ultra-fast EV charging hub in partnership with Eleport, adding eight new chargers to the complex’s existing charging facilities.
Romania’s consumer spending continued to support the expansion of the retail sector in 2025 despite persistent inflationary pressures. The 125 major retailers analysed generated more than EUR 42 bln in sales during the year, representing a 5.6 pct increase compared with 2024 and a 77 pct increase compared with 2019, according to the 'Romania Retail Snapshot 2026', published by real estate consultancy Cushman & Wakefield Echinox. The study is based on the financial results of companies operating across 13 retail segments.
Nomad has opened a new 290-sqm restaurant that overlooks the marina in Warsaw's Park Praski development.
Castorama has opened a new Design Studio in Gemini Park Bielsko-Biała. Launched on 13 August, the new space adds to the shopping centre’s growing range of services, offering customers professional support with interior design projects, from the initial concept through to installation.
Finarto Investments has appointed Allcon as the general contractor for Park Kaszuby, a new retail park in Wejherowo. The construction site is due to be handed over and work is scheduled to begin in August 2026. The project will offer 13,000 sqm of leasable space, 17 retail units and 324 parking spaces. The park is scheduled to open in November 2027.
In the first half of 2026, Poland’s modern retail stock grew by more than 200,000 sqm, bringing the total to over 14 million sqm at the end of June. According to real estate advisory firm Colliers, the number of operating retail schemes rose to 738, while retail density reached 374 sqm per 1,000 residents.
In Q2 2026, Poland’s retail property market saw a clear upturn in new supply, with 134,500 sqm of space added. According to BNP Paribas Real Estate Poland, retail parks are the main driver of market growth, accounting for the largest share of both newly delivered space and projects under construction. The sector’s strength is also reflected in rising retail sales figures and the arrival of new international brands.
Redkom Development has launched construction work on a retail park on Al. Wojska Polskiego in Kalisz.
TK Maxx is to open a 2,200 sqm store in Galeria Wiślanka in Żory, about 30 km southwest of Katowice in Silesia. This will be the British clothing chain’s only location in this region of Poland.
The retail and service offerings at Fuzja in Łódź have expanded with a new tenant. Auchan Polska has opened a 1,200 sqm hypermarket in Fuzja in Łódź, which has been developed out of the historic complex of the former Karol Scheibler factory.
Intermarché has returned to the town of Radlin in southern Poland with the opening of a new-format supermarket. The store comprises 1,000 sqm of retail space.
Bricomarché has expanded with the opening of two new DIY stores, in Częstochowa and Bielsk Podlaski, bringing its total number of outlets in the country to 228.
The North Face has opened its first and only outlet store in Poland at Designer Outlet Warszawa. The new 171 sqm store offers a range of outdoor clothing, footwear and accessories for hiking, mountain sports and everyday wear.
Victoria's Secret has announced the opening of a new store in Gdańsk. The lingerie and beauty retailer will welcome its first customers on 21st August 2026 at Forum Gdańsk shopping centre.
Vision Express has moved to a larger store within the Galeria Jurajska shopping centre in Częstochowa, where it has introduced its latest 'Easy Vision' store concept.
The Multikino cinema chain has extended its lease at Galeria Rumia for a further15 years. The cinema has also been completely refurbished to bring it up to the Ultra LUX standard.
Medical clinic brand Villa Nova has extended and expanded its presence in the Vis à Vis Wilanów retail park in Warsaw’s Wilanów district.
A total of ten retail real estate transactions worth nearly EUR 713 mln were completed in Poland in the second quarter of 2026. According to Cushman & Wakefield, this was more than five times the EUR 140 mln recorded in the same period last year.
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Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
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Henley has completed the sale of Galeria Pestka, a 41,658 sqm shopping centre in Poznań, Poland, to OPAL CENTRES, part of DromeStar Group. During Henl ...
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Tenant activity slowed in Wrocław in the first half of 2026. Two office projects were completed in the first quarter, leaving no buildings under const ...
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Construction has begun on a new emergency care unit at Thomayer University Hospital in Prague, officially launched by Prime Minister Andrej Babiš and ...
Flora Development has received an occupancy permit for Esy Floresy, its residential project at ul. Cybernetyki 7 in Warsaw’s Mokotów district. The dev ...
Poland’s retail property market saw a clear revival in the first half of 2026. Transaction volumes topped EUR 1 bln, surpassing the total recorded for ...
Singu, a European platform for managing commercial property, has today announced the acquisition of QRmaint, one of Europe's fastest-growing providers ...
Poland’s warehouse market picked up noticeably in the first half of 2026 after a year dominated by lease renegotiations. New leases and expansions mad ...
June 2026
Who will win and who will lose with changes to the land market
Who will win and who will lose with changes to the land market
Walter Herz
The biggest change to the land market in years is on the horizon. The spatial planning reform will mean that plots previously considered attractive may lose value, while land with ...
Sales up, supply down
Sales up, supply down
JLL Polska
In the first quarter of 2026, the Polish housing market recorded a significant increase in sales. A total of 12,900 apartments were sold across the country's seven largest cities ( ...
Rent isn't everything. The real costs of leasing warehouse space
Rent isn't everything. The real costs of leasing warehouse space
Newmark Polska
Choosing a new warehouse takes much more than simply comparing rental rates across a few or even a dozen centres. With rising energy costs and varying technical standards, the actu ...