Retail
Approximately 132,000 sq m of modern retail space was delivered to the Polish market in Q3 2026, bringing year-to-date completions to around 350,000 sq m. Retail parks continued to account for the majority of new supply, while extensions of existing schemes represented 31% of total space delivered during the quarter. The development pipeline currently stands at approximately 760,000 sq m of GLA, with 63% located in cities with populations below 100,000 outside the main agglomerations. Based on developers’ announcements, total new retail supply in 2026 could exceed 600,000 sq m.
Shopping centre footfall remained broadly stable in January-August 2026, up 0.8% y/y. Following a weaker performance in April, footfall gradually improved in the subsequent months, including increases of 1.5% y/y in July and 1.0% y/y in August. Meanwhile, average shopping centre turnover during the first eight months of 2026 was nearly 5% above the level recorded a year earlier.
Office
At the end of the second quarter of 2026, the combined office stock of Poland’s largest markets – Warsaw, Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, and Szczecin – stood at 13 million sqm. Approximately 119,000 sqm of new office space came on stream in January–June 2026, representing a moderate volume that remained broadly in line with levels recorded in the years 2023–2025. The majority of this total (76%) was delivered in the first quarter.
The largest office completions in Warsaw included Skanska’s Studio A (24,000 sqm) and PHN’s Vena (15,400 sqm). In regional cities, notable developments comprised Echo Investment’s Swobodna Spot I in Wrocław (14,650 sqm), Echo Investment’s Wita Stwosza C in Kraków (13,700 sqm) and Torus’s Punkt in Gdańsk (12,650 sqm).
Hospitality
The investment transactions volume in Poland grew by 82% year on year, reaching EUR 83 million. The Warsaw hotel market continued to prove its strength, resilience and attractivity. Increased cost of financing and ongoing economic and geopolitical headwinds in the CEE region caused 2023 transaction volumes in CEE to drop by 18% compared to 2022. However, the volume invested by international buyers increased by 197% over the same period, illustrating the region’s rising attractiveness for inbound capital. Several significant deals are progressing since the year-end 2023, suggesting transaction volumes will rise in 2024.
Industrial
A quarterly overview of Poland's modern warehouse and logistics market (Q2 2026). Gross take-up reached 1.93 million sq m, while the vacancy rate fell to 6.6% – its lowest level since 2023. The report examines the demand structure (with the growing share of Chinese and e-commerce tenants), developer activity, prime rents and the investment market. It also features macroeconomic commentary (GDP, inflation, PMI, monetary policy), a labour-market analysis and detailed statistics for individual regions.
Residential
In the second quarter of 2026, the Polish residential market accelerated significantly, driven by growing mortgage activity and a recovery in housing supply. In June, residential sales increased by 48% year-on-year, while the value of mortgage enquiries rose by 15.8% year-on-year, with the average requested loan amount reaching a record level of over PLN 500,000.
