Commercial real estate activity in Warsaw, Poland is picking up after a pullback earlier this year due to economic uncertainty. The JLL global Bid Intensity Index showed improvement in July, indicating increased capital and stabilized bidder dynamics. Investors are returning to the market with a renewed appetite for real estate, expecting gradual recovery in the second half of the year.

Bid-ask spreads are narrowing across multiple sectors, with the “living” sector, including multifamily apartments, showing the most improvement. Retail is doing better than last year but declining due to tariffs, while industrial lags behind due to supply chain uncertainty. Office bid dynamics are improving, suggesting a bottom to the office market post-Covid crash.

Investors are embracing uncertainty as the new normal, accepting higher risk as they see commercial real estate investments as a long-term store of value. With strong debt markets and a shift to a ‘risk-on’ mode, capital flows are expected to continue growing in the near future.

Read more at CNBC: JLL Bid Intensity Index, gauge of CRE transaction volume, improves in July