INVESTMENT
Cushman & Wakefield’s latest report CEE Investment Market Update reveals a significant recovery in Central Europe’s commercial real estate market1 during the first half of 2024. Investment volumes surged by 43.4% year-over-year, driven primarily by robust activity in Poland, which saw a remarkable 113% increase.
INDUSTRIAL
The logistics and industrial sectors led the recovery, reflecting strong demand and resilience. The ongoing evolution of supply chains and a stabilizing e-commerce environment have bolstered these sectors.
RETAIL
Retail also performed well, benefiting from a resurgence in consumer confidence and strategic acquisitions in prime locations.OFFICE
However, the office sector remains under pressure, not only from the persistent shift towards remote work but increasingly due to challenges related to ESG compliance and the risk of obsolescence for older or poorly located properties, which make up a significant portion of the market.1The CEE region includes Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia for the purpose of this comparison.