Here’s what you’ll find in this article:

  • What is the mood among foreign investors in the context of the Polish real estate market?
  • Which commercial real estate sector in Poland is currently most desired by investors?
  • What global factors, such as inflation and geopolitics, affect the investment market?
  • What is the attitude of banks towards real estate financing in the current situation?
  • What new trends are shaping the financing market in Europe and Poland?
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Estimated reading time: 6 minutes

Poland is strengthening its position as one of the most compelling destinations for institutional real estate capital in Europe — this was the clear message echoed at MIPIM 2026 in Cannes. According to experts of the Capital Markets at AXI IMMO, the largest Polish advisory firm on the commercial real estate market, investor confidence in the Polish market is not only returning but accelerating.

Strong optimism among international investors

Grzegorz Chmielak, Head of Valuation & Advisory and Capital Markets, AXI IMMO, relates: “During MIPIM in Cannes, Poland was perceived as a market actively attracting investors — we are seeing a new wave of optimism. There is a strong conviction that it is worth investing in Poland. Moreover, the geopolitical situation has for some time now been seen as the new ‘normal’ in which all market participants must operate. Alongside active investors from the CEE region, including the Baltic States, and investors from France, core capital is slowly reawakening, signalling readiness for acquisitions in the second half of 2026.”

Warehouse sector remains the star performer

Joanna Lewandowska, Associate Director, Capital Markets, AXI IMMO, points out: “If we look at the warehouse market in Poland, investor demand is strongly focused on long-term leases, especially where a single tenant secures the property under a long commitment. Demand for long single tenant leases remains exceptionally strong. The warehouse sector continues to be the most competitive part of the Polish market. Long-term, single-tenant assets are unquestionably the most sought-after, prime products today. In this subsector, such assets clearly offer the most attractive returns, making them the most desirable option for investors at this moment”.

New tenant demand may arise from sectors requiring additional space due to shifting geopolitical conditions.

Inflation, financing costs and global uncertainty

Joanna Lewandowska comments: “While inflationary pressures remain a concern — particularly in relation to fuel, fertilisers — the broader European market may experience primarily the indirect effects. There is a new wave of uncertainty, but Europe may feel a secondary impact. Still, an inflationary shock remains a real risk”.

Banks hold liquidity — and a willingness to finance

Representatives of the financial sector clearly emphasised their readiness to finance various asset types. Banks currently hold excess liquidity and consistently want to finance high-quality properties.

A wider market recalibration observed at MIPIM 2026

Conversations across the Le Palais des Festivals were more focused and selective than in previous cycles — a clear sign that capital is returning, but with higher expectations and sharper filters. Another clear trend was the rise of private credit. With traditional lenders still cautious, debt funds and structured-capital providers are increasingly filling financing gaps, particularly in Germany but also gradually across Europe and in Poland.

The cities, regions and companies that came to Cannes showcased the depth and potential of the Polish market brilliantly. It was one of the strongest representations Poland has ever had at MIPIM.

Grzegorz Chmielak concluded: “Poland is well positioned for the next cycle. And the conversations we had in Cannes only reinforce that view”.

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Experts

Grzegorz Chmielak AXI IMMO

Grzegorz Chmielak

Head of Valuation & Advisory and Capital Markets

AXI IMMO

Joanna Lewandowska AXI IMMO

Joanna Lewandowska

Associate Director

 Capital Markets, AXI IMMO

About AXI IMMO

AXI IMMO is the largest Polish commercial real estate advisory firm, providing services in leasing and investment transactions, industrial & logistics and office property management, property valuation, as well as the acquisition and disposal of development land. AXI IMMO’s key strength lies in combining international service standards with in-depth knowledge of local markets. The company has received numerous international and domestic awards, including Advisor of the Year and Local Advisor of the Year titles from organisations such as CEEQA, CEE Investment Awards, CIJ Awards and Prime Property Prize. Most recently, in 2025, AXI IMMO was awarded the title of Warehouse Agency Team of the Year by the Eurobuild Awards jury. Read more about AXI IMMO.