Warsaw’s office investment volume hits €2.42bn in 2019

by   CIJ News iDesk II
2020-02-05   09:04
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Warsaw’s office investment volume totaled €2.42bn in 2019, up 40 percent from the previous year. The robust investor demand over the last 12 months pushed prime office yields in central Warsaw down to 4.50 percent at the end of 2019, according to Cushman & Wakefield. However, yields for office buildings with above-average lease lengths range from 4.25 to 4.50 percent, with non-central grade A office yields between 6.50 percent and 7 percent. “Warsaw’s office sector was the top-performing sector of the Polish commercial real estate market in terms of investment volumes in 2019,” said Marcin Kocerba, associate with the capital markets team at Cushman & Wakefield. “This was driven, among other things, by the strong occupational market, the availability of prime assets and the growing interest of investors, including newcomers to Poland. This trend is very likely to intensify in 2020, pushing office yields down further and driving investment volumes up.”