Construction costs per square meter for industrial buildings in Poland 2018, by type
It can be seen that industrial buildings in the category of basic warehouse and factory units had construction costs of 1.9 thousand zloty per square meter at that time, making these the cheapest industrial buildings to construct of the building types under observation.
There is a constant increase in new office investments in Poland. The supply has been high recently, but the demand still seems to be unmet. This is reflected in the commissioning of new office buildings, especially in the largest cities in the country. The office construction costs oscillated in terms of the type of the building. Business parks had the lowest construction costs on the market. For commercial real estate, shopping centers invariably remain the dominant format in the retail space market in Poland. Building costs per square meter of a large shopping centers and malls in Poland, amounted to over 3.6 thousand zloty in 2018. Saturation of the market in major agglomerations, visible changes in customers' behavior, and expectations influence changes in the planned supply of retail facilities. In the coming years, the supply will be affected by the increased demand for small shopping centers, retail parks, and multifunctional facilities.
Rates dictated by sellers in Poland have broken records on both, the primary and the secondary markets. In January 2020, the average offer price of a new flat in Warsaw (excluding the area) approached 12 thousand zloty per square meter. The average prices of apartments in Warsaw on the primary market increased by 11 percent in 2019 year-on-year. Records were particularly strong for the smallest flats, up to 38 sq.m. Those looking for such space in Warsaw had to reckon with an average price exceeding 12 thousand zloty per sq.m. The situation on the secondary market and the rental market looked hardly better. Apartment prices are rising, and the situation related to the coronavirus epidemic had little impact on the price behavior on the Polish residential property market in the short term. In the long run, changes in credit conditions introduced by banks may have a final impact on demand, which will affect the price of apartments on the market.
Building costs per square meter of internal area in Poland
There is a constant increase in new office investments in Poland. The supply has been high recently, but the demand still seems to be unmet. This is reflected in the commissioning of new office buildings, especially in the largest cities in the country. The office construction costs oscillated in terms of the type of the building. Business parks had the lowest construction costs on the market. For commercial real estate, shopping centers invariably remain the dominant format in the retail space market in Poland. Building costs per square meter of a large shopping centers and malls in Poland, amounted to over 3.6 thousand zloty in 2018. Saturation of the market in major agglomerations, visible changes in customers' behavior, and expectations influence changes in the planned supply of retail facilities. In the coming years, the supply will be affected by the increased demand for small shopping centers, retail parks, and multifunctional facilities.
Average prices of apartments in Poland
Rates dictated by sellers in Poland have broken records on both, the primary and the secondary markets. In January 2020, the average offer price of a new flat in Warsaw (excluding the area) approached 12 thousand zloty per square meter. The average prices of apartments in Warsaw on the primary market increased by 11 percent in 2019 year-on-year. Records were particularly strong for the smallest flats, up to 38 sq.m. Those looking for such space in Warsaw had to reckon with an average price exceeding 12 thousand zloty per sq.m. The situation on the secondary market and the rental market looked hardly better. Apartment prices are rising, and the situation related to the coronavirus epidemic had little impact on the price behavior on the Polish residential property market in the short term. In the long run, changes in credit conditions introduced by banks may have a final impact on demand, which will affect the price of apartments on the market.
