CPIPG emerges from the 2024 real estate leasing market stronger than ever

Last year, CPI Property Group (CPIPG), one of the leading owners and managers of commercial real estate in Poland, maintained its healthy office and retail space leasing activity – in spite of all the challenges the market posed.

Office space: a highly successful year
In 2024, CPIPG signed 198 leasing contracts covering 128,400 sqm of the company’s office space in Warsaw. Most notably, the company was also responsible for the development of almost 18% of the total demand for office space in the Polish capital in 2024, amounting to more than 740,000 sqm. Such impressive figures were only made possible through CPIPG’s strategic approach to its portfolio management, as well as the special care it takes of tenants and their employees’ work comfort, and the growing demand for modern offices with high environmental standards that fulfil the needs for increased efficiency and improved space usage. “Although the office market in 2024 was still stabilising and had not yet returned to its pre-2020 situation, it was nonetheless an extremely successful period for our properties. The highest quality properties are continuing to strengthen their market position – in terms of their location, technical standards and ESG criteria – hence the growing interest in our buildings. The work we are doing in terms of office building management and the quality of services provided for tenants is also crucial, as it is extremely thorough and focused on creating the best working conditions,” comments Izabela Potrykus, the Head of Leasing Offices at CPIPG.

Retail space: close to the 100% mark
CPIPG’s retail portfolio, which includes 23 shopping centres and retail parks across Poland, enjoyed an impressive 99% occupancy rate in 2024. Only four properties were less than 100% leased, but still averaging at around 99.2%. In 2024, 124 contracts were signed for a total area of almost 40,000 sqm, thus confirming CPIPG’s leading position on the retail property market in Poland. “Our retail portfolio benefits from its diverse nature – from shopping centres to local retail parks. What each of these centres has in common, however, is both an excellent location and the ideal conditions for retail chains to operate in. Major changes are taking place in the Ogrody shopping centre in Elbląg, where a number of eagerly-awaited brands will soon become available for customers. Thanks to the signing of these new contracts, the centre is now fully leased. The changes to the tenant mix will become evident in the spring,” emphasises Agnieszka Baczyńska, the Head of Leasing Retail and Business Excellence Director of CPIPG in Poland.