Consultancy firm Savills has published a report summarising the situation on Poland’s logistics and industrial market in the first quarter of 2026. According to the report, the sector continues to show solid fundamentals, supported by a balance between tenant activity, a more cautious approach by developers and a gradual reduction in available space.
At the end of March, the total stock of modern warehouse and industrial space in Poland reached 37.44 million sq m, confirming the scale of the domestic market and its importance for logistics, manufacturing and distribution in Central and Eastern Europe.
The Warsaw agglomeration remains the largest hub, with 7.33 million sq m of space. This represents around one fifth of total national supply. Upper Silesia, Central Poland, Wrocław and Poznań also play a key role, together accounting for 53% of total stock. Smaller regional markets, offering more than 10 million sq m of modern warehouse space in total, are increasingly attracting the attention of tenants looking for locations suited to the specific nature of their operations.
This extensive network of locations strengthens Poland’s position as a market serving both domestic distribution and international supply chains.
New Supply with a High Level of Leasing
In the first three months of 2026, developers delivered around 653,300 sq m of new space, approximately 4% less than a year earlier. Completed projects stood out for their high level of commercialisation: the average pre-let rate in new schemes was 73%, an improvement of 24 percentage points year on year.
The largest volumes of new space were delivered in the Tricity, the Warsaw II zone and Upper Silesia. The biggest completed projects included 7R Park Gdańsk III, Panattoni Park Rzeszów West and Prologis Park Ujazd.
Fewer New Starts, More Projects Secured by Lease Agreements
At the end of March, around 1.46 million sq m of modern logistics and industrial space was under construction. This was 6% more year on year, but 19% less quarter on quarter, indicating a more disciplined approach to new investment.
The average pre-let level in projects under construction stood at 63%, confirming that developers are focusing on schemes secured by strong demand. The largest volumes of new warehouse space are being developed in the Warsaw I and Warsaw II zones, Upper Silesia and Central Poland.
According to the current schedule, new supply for the whole of 2026 may be lower than in 2025 and amount to around 1.2–1.3 million sq m.
Tenants Started the Year Very Actively
On the demand side, the first quarter brought very strong results. Total leasing volume reached 1.58 million sq m, representing a 47% increase year on year. Particularly important was the share of new leases and expansions, which accounted for 54% of leased space and totalled 850,000 sq m, 78% more than a year earlier.
The highest tenant activity was recorded in Wrocław, Upper Silesia and the Warsaw I and Warsaw II zones. Among regional markets, Western Poland stood out, confirming its importance as a location for nearshoring operations. Net absorption amounted to around 648,300 sq m.
“The data for the first quarter of 2026 show that the Polish warehouse market has entered a period of greater balance. Demand growth, a high share of pre-leasing and falling vacancy rates confirm the resilience of the sector and its importance for companies developing logistics, manufacturing and distribution operations in Central and Eastern Europe. With more disciplined development activity and stable rents, the market remains attractive for tenants looking for flexibility, scale and access to key infrastructure. The best-positioned assets are well-connected logistics and industrial parks, as well as facilities tailored to the needs of manufacturing, urban logistics and nearshoring,” said Michał Chodecki, Head of Industrial at Savills.
Vacancy Is Falling, Rents Remain Stable
At the end of March, around 2.6 million sq m of space was available for immediate lease, the same level as in the previous quarter and 10% less than a year earlier. The vacancy rate stood at 7.0%, down by 20 basis points quarter on quarter and by 1.3 percentage points year on year.
The largest volumes of available space were recorded in Upper Silesia, Western Poland, Central Poland and the Warsaw II zone. Asking rents for standard big-box modules remained relatively unchanged, ranging from EUR 3.60 to EUR 6.75 per sq m per month. Effective rents ranged from EUR 2.90 to EUR 5.70 per sq m per month.
The stabilisation of rental rates, combined with stronger tenant activity and limited new supply, supports greater predictability of lease conditions in the coming quarters.
