Real Estate 20 June 2025 - 2 September 2025

Kraków’s residential prices rose to about 14,600 PLN/m² in early 2024, with Q2 offers averaging 16,816 PLN/m² and gross yields near 5%. Prime office rents reached €12–€18 per m²/month, with 1.83 million m² of office stock and a 19% vacancy rate at end-2024. Industrial space topped 1 million m², rents averaged €3.5–€6 per m²/month, and yields hit 6.5–7%. Over 9 million tourists visited in 2023, supporting rental demand.

Poland’s commercial property investment topped €5 billion in 2024, up 142% year-on-year, with foreign investors making up over 90% of the total. The National Bank of Poland cut its reference rate to 5.25% in May 2025, the first reduction since 2023. Warsaw’s average resale housing price reached 16,459 PLN/m² in Q1 2025, rising 8.1% from a year earlier. Residential rental yields average 6.13% nationwide.

Poland’s commercial property investment reached €4.5–5.0 billion in 2024, more than double the previous year, with foreign buyers accounting for over 90%. In Q1 2025, average Warsaw apartment prices stood at PLN 16,400 per m², and monthly rents averaged PLN 4,900. Warsaw office vacancy dipped to 10.5%, with prime office rents at €22–€26 per m²/month. The region’s prime warehouse rents exceeded €5 per m²/month, with €740 million invested in industrial property.