Poland remains one of the most stable warehouse and industrial markets in Europe. According to the latest analysis by Savills, total warehouse stock reached 36.45 million sq m at the end of Q3 2025. Since the beginning of the year, 1.55 million sq m has been delivered—26% less than a year earlier—while new projects achieved a high average pre-letting rate of 66%, up 9 percentage points year-on-year. The largest supply volumes were added in the markets of Wrocław, Upper Silesia, and Central Poland.
CONSTRUCTION SLOWS BUT REMAINS STRATEGIC
Development activity remains balanced, with 1.56 million sq m under construction—20% less than a year ago. At the same time, a strong pre-let level of 55% confirms stable tenant demand. In Q3 alone, construction started on 478,600 sq m of new space, marking a 17% y/y increase. The highest concentration of new developments is found in the Warsaw region, the Tri-City area, and Upper Silesia.
With new supply becoming more limited, BTS (build-to-suit) and BTO (build-to-own) projects are gaining importance. These formats offer customized space, full control over the facility, and predictable cost structures for tenants. The market is also seeing fewer speculative projects, with developers shifting toward tailored solutions, particularly in high-demand areas with limited availability of new supply.
“Although new supply is lower than a year ago, the market remains highly resilient thanks to the growing share of tailored projects and the strategic approach of developers who are minimizing the risk of oversupply. High pre-let ratios and rising numbers of BTS and BTO contracts confirm that tenants are seeking solutions precisely aligned with their operational needs. Solid market and economic fundamentals offer a positive outlook for the sector’s further development in the coming year,” says Wioleta Wojtczak, Head of Research at Savills.
TRANSACTIONS ARE INCREASING AS TENANTS SCALE UP
Demand for warehouse space remains very strong. From Q1 to Q3, lease agreements were signed for 4.54 million sq m (+19% y/y), while net absorption reached 2.2 million sq m, representing 48% of total tenant activity. The largest transactions included:
• Agata Meble – 128,200 sq m (renewal and expansion)
• Shein – 79,200 sq m (new lease)
• ID Logistics – 78,100 sq m (renewal)
The most active markets were Warsaw, Wrocław, and Central Poland.
STABLE RENTS AND CONTROLLED VACANCY – THE MARKET REMAINS IN GOOD SHAPE
The vacancy rate at the end of Q3 stood at 7.9%, indicating stability and representing 2.88 million sq m of available space. The largest concentrations of vacant stock are located in Central Poland, Silesia, and Wrocław. The lowest availability is noted in Białystok, Opole, Szczecin, and Kraków.
Rents remain stable—big-box facilities range from €3.60 to €6.75 per sq m per month, with the highest rates recorded within the urban zone of Warsaw.
Wioleta Wojtczak, Head of Research at Savills, adds:
“We are observing a market entering the final quarter of the year with strong demand and predictable supply. Stabilizing inflation, improving consumer sentiment, and rising industrial output support business activity, while the warehouse sector additionally benefits from sustained e-commerce momentum. All indicators suggest that Poland will maintain its position as a key logistics hub in the region.”
Savills experts conclude that the market is heading for a strong year-end finish. A stable economic environment and the growing role of e-commerce in retail continue to support the sector’s expansion, reinforcing Poland’s standing as a strategic logistics location in Europe.
