The institutional private rented sector (PRS) in Poland is expanding rapidly. In 2025, a total of 5,821 units were brought to market, marking a record result, according to CBRE’s 2026 Poland Real Estate Market Outlook report. A comparable outcome is possible in 2026. Alongside the development of the PRS market, the private student housing sector is also growing. In 2025, three times more places were added in such facilities than a year earlier. According to CBRE experts, this result could be repeated this year.
Over the past five years, nearly 24,700 apartments have been launched in the PRS sector, representing 87% of the total supply currently available on the market. In 2025 alone, 5,821 units were delivered, the highest number on record, although this improved on the previous year’s figure by only around 100 apartments.
“Although, in theory, the PRS sector and the for-sale housing market compete for similar land plots, we are seeing the PRS sector increasingly shift toward long-term accommodation buildings developed on commercial land. This expands the range of land on which developers can carry out projects intended for long-term rental and broadens the scope for cooperation with institutional investors. Many developers are open either to partnering with institutional investors in the rental market or to building their own rental housing platforms. These plans may gradually materialize due to moderate sales results on the primary housing market,” says Agnieszka Mikulska, residential market expert at CBRE.
At the end of last year, the total number of units in institutional rental housing across Poland’s largest cities exceeded 28,500. PRS properties enjoy strong and stable tenant demand. Vacancy rates average around 3.5%.
The sector’s growth is supported by weaker demand for homes for sale, especially when compared with the period of the Safe Mortgage 2% program and the earlier era of low interest rates. This has reduced the number of new rental apartments being introduced to the market by private individuals. On the other hand, it has increased the number of households relying on the rental market because they cannot afford to purchase a home.
Student-focused supply is gaining momentum
Alongside the growth of the PRS market, the pool of units aimed primarily at students, namely the private student housing sector, is also expanding. In 2025, a record number of more than 3,800 places were launched for rent in 12 private student residences, three times more than in the previous year. Current investor plans indicate that this result may be repeated in 2026.
“Demographic and social changes will be important for the housing market. There will be places on the map of Poland that, as a result of demographic processes, will experience depopulation, creating new challenges for the housing market. At the same time, housing demand in the largest urban agglomerations will remain strong,” adds Agnieszka Mikulska of CBRE.
