In the first half of 2024, Central Europe’s commercial real estate market is experiencing a cautious yet measurable recovery, highlighted by a 43.4% year-over-year increase in investment volumes, particularly driven by a resurgence in Poland. Despite ongoing economic challenges, sectors such as logistics and industrial real estate are showing strong resilience.
Looking forward, the CEE commercial real estate market is anticipated to continue its recovery trajectory and is likely to converge to pre-Covid levels of activity in 2025. The industrial and retail sectors are expected to outperform, while office spaces may see a slight decline. The anticipated return of international capital could further strengthen the market, though local investors are likely to remain key players in the interim
