According to Open4business, office real estate regained the top spot among commercial real estate investment sectors in Central and Eastern Europe in the first half of 2026, according to data from Colliers.

Offices accounted for 29% of total investment in the CEE-6, compared to 23% a year earlier. With a total market volume of EUR5.8 billion, this corresponds to approximately EUR1.7 billion in investments.

Retail real estate became the second-largest segment, with a share of 27%, up from 21% in the first half of 2025.

Investor interest in residential and “living” properties grew even faster, with their combined share rising from 7% to 19%.

At the same time, industrial and logistics real estate—which was the largest market segment just a year ago—saw its share decline from 31% to 17%. This was due not only to changes in activity within the warehouse market itself but also to the rapid growth of transactions in other real estate classes.

Colliers notes that in the office segment, investors are primarily seeking modern buildings in prime locations with high energy efficiency and a stable stream of rental income.

The situation is becoming more challenging for outdated office buildings. They must either undergo modernization or be considered for repurposing.

Thus, the structure of the CEE market is gradually changing: after several years of logistics dominance, capital is once again flowing more actively into traditional office and retail real estate, while institutional housing is emerging as a major investment segment in its own right.

business Europe investment office real estate

Last modified: August 30, 2026