Poland’s industrial and logistics real estate market remains stable, supported by both favourable macroeconomic conditions and sustained tenant activity. According to Savills’ latest report, “Warehouse and industrial market in Poland,” the sector is entering 2026 with a high level of leased space, limited new supply and stable rental rates.
Poland continues to post one of the strongest growth rates among larger EU economies, and forecasts point to further acceleration in investment activity alongside stabilising inflation and financing costs. This backdrop supports long-term planning for logistics and manufacturing projects and strengthens tenant decisions to expand operations.
“Against the European backdrop, Poland’s macroeconomic environment remains favourable, which translates into stable business decisions by manufacturing and logistics companies,” says Patrycja Dzikowska, Associate Director, Research at Savills. “We clearly see that tenants are now focused on securing space for the long term and improving operational efficiency, while the limited number of new developments further strengthens the position of the best locations and stabilises lease conditions.”
Limited supply of new projects
By the end of 2025, total stock of modern warehouse space in Poland reached 36.58 million sq m. More than half of the country’s supply is concentrated in the largest markets—Warsaw, Upper Silesia, Central Poland, Wrocław and Poznań.
In 2025, developers delivered around 1.68 million sq m of new space, down 35% year on year. At the same time, the share of space leased upon completion increased, and projects under construction are largely secured through pre-let agreements. Lower development activity is helping to stabilise the market and gradually reduce the volume of available space.
Demand running hot: third-best result on record
Total gross take-up in 2025 amounted to 6.64 million sq m, marking a 14% year-on-year increase and one of the strongest results in the sector’s history. Transactions involving new leases and expansions remained above pre-pandemic levels, confirming a durable demand base.
The highest activity was recorded in key logistics regions such as Warsaw, Central Poland and Wrocław. Regional markets are also gaining importance, attracting manufacturing and distribution companies.
Vacancies down, rents stabilised
At the end of 2025, the vacancy rate stood at 7.1% and was on a downward trend, indicating a balanced relationship between supply and demand. However, there are still noticeable differences between individual warehouse regions—and even between micro-locations within the same region.
The largest volumes of available space were recorded in regions with high development activity and a significant share of speculative projects, which take longer to absorb. By contrast, in warehouse clusters with the strongest market parameters and the highest tenant preference, the availability of units—especially larger ones—remains limited.
Since the end of 2024, headline rents have remained broadly stable, with only minor fluctuations in prime locations and top-quality space. In standard big-box facilities, rental rates range from approximately EUR 3.60 to EUR 6.75 per sq m per month, with the highest levels associated with high-spec, urban projects located in leading markets.
“This year we expect lease conditions to remain stable, with new supply still limited and tenant activity staying high,” comments Wioleta Wojtczak, Associate Director and Head of Research at Savills. “Lease renewals, build-to-suit projects and the expansion of manufacturing driven by nearshoring will be particularly important. Poland remains a key link in European supply chains, and the inflow of new investors is strengthening the market’s long-term fundamentals.”
