Over €5.7 billion - this is how much investors spent on commercial real estate in Poland throughout 2021, of which in the last quarter alone, the amount attained over €2.2 billion. The latest report prepared by BNP Paribas Real Estate Poland indicates that the past year was marked by a further strengthening of the logistics and industrial sector, making up for losses by retail and the continued battle against Covid's shortage of breath in the office sector.
Despite the impact that the pandemic has left on commercial real estate, the past year can be assessed with a shy dose of optimism. Investors, developers, tenants as well as real estate users to a greater extent got used to the situation, as well as to the multitude of changes dictated by the health crisis. Many industries have rebounded and are now focusing on catching up. We can also see that transactions are accelerating and revival is visible in all investment sectors. Although it is difficult to unequivocally judge as to the resulting phenomena of the pandemic, and thus the development of economies and various markets, the common denominator for 2022 may be further optimism and caution in making decisions
says Mateusz Skubiszewski, Head of the Capital Markets department, BNP Paribas Real Estate Poland.
Retail is slowly getting back on its feet.
The pandemic has very rapidly created new habits and purchasing expectations. Retail parks benefited the most from quick, convenient shopping close to home. However, one cannot ignore the fact that after removing various restrictions, most of us were quite eager to return to large, multi-functional shopping centres having the broadest retail offer. We have learned to use them in a responsible and safe way
says Karolina Wojciechowska, from the Capital Markets department, BNP Paribas Real Estate Poland