Polish real estate market records surge in investment and activity during H1 2026

Poland’s real‑estate sector showed strong momentum in the first half of 2026. The Polish Commercial Real Estate Chamber (PINK) reported that Warsaw’s modern office stock reached about 6.24 million m², with the overall vacancy rate falling to 8.5% – 4.8% in the city centre and 11.8% outside it. Demand for office space rose to 282,800 m² in Q2, driven largely by renegotiations (52% of activity). At the same time, developer Murapol sold 1,569 residential units to private customers, handing over 841 units, and held a pipeline of 4,051 units across 15 cities with a land bank for roughly 19,150 future homes. CBRE’s H1 2026 survey showed total investment in Polish commercial property exceeding €3.06 billion, a 78 % year‑on‑year jump and the highest first‑half total since 2018. The retail segment led with €1.03 billion (34 % of volume), followed by logistics (€782 million), residential (€605 million) and office (€594 million). Foreign capital accounted for about 89 % of the value, led by investors from the Czech Republic, the United States and Germany. Together, these data points indicate a broad‑based revival of Poland’s office, residential and commercial markets, marked by record inflows of capital and a steady decline in vacancy.