Warehouse construction activity in Poland has slowed to its lowest level in nearly a decade, even as demand for logistics and industrial space remains strong. According to the latest CBRE data, developers launched around 402,000 sq m of new projects in the second quarter of 2026, while total space under construction stood at approximately 1.3 million sq m. Logistics companies remain the most active tenants, generating almost half of total demand, followed by retail and manufacturing.
The volume of warehouse space currently being developed in Poland has dropped to its lowest level since 2017. At the end of the second quarter of 2026, approximately 1.3 million sq m was under construction, with more than 60% of that space already secured through lease agreements.
During the quarter, developers began work on projects totalling around 402,000 sq m.
At the same time, the market expanded by 578,000 sq m of newly completed warehouse space across 20 projects. Around 73% of this new supply had already been leased.
Construction Slows, but Tenant Demand Accelerates
While developers are becoming more cautious about launching new projects, leasing activity is gaining momentum.
Total warehouse take-up reached 1.93 million sq m in the second quarter of 2026, up significantly from 1.58 million sq m recorded during the first three months of the year.
Logistics, distribution and transport companies accounted for the largest share of demand at 46%. Retail companies generated 27%, while manufacturing tenants represented another 18%.
“Companies are increasingly looking for cost-efficient facilities that are ready for automation, comply with ESG requirements and provide reliable access to electricity. Building quality, flexibility and infrastructure are becoming decisive factors,” says Michał Śniadała, Head of Industrial and Logistics at CBRE.
According to CBRE, much of the current leasing activity consists of new agreements, including tenant relocations.
“In the first half of 2026, new leases accounted for 52% of the total volume of space taken up by tenants. Renegotiations represented 40%, while expansions accounted for the remaining 8%,” Śniadała adds.
Warehouse Vacancy Rate Declines
The amount of immediately available warehouse space is also shrinking.
Poland’s warehouse vacancy rate fell to 6.6% in the second quarter of 2026, compared with 7.3% in the first quarter.
Some of the strongest declines were recorded in Lubuskie, Lower Silesia and Wielkopolskie, where vacancy rates stood at 8.4%, 6.2% and 6.1%, respectively.
In Silesia, the vacancy rate reached 7.3%, while in the Mazowieckie region it rose to 7.6%. The latter represented an increase of 1.8 percentage points and was largely linked to the completion of several speculative projects that had been built without full pre-leasing and were still looking for tenants.
The tightest market was Łódzkie, where only 5.4% of warehouse stock remained available.
Available Warehouse Space Could Become Harder to Find
CBRE expects vacancy levels to decline further if current market trends continue.
“With relatively few new projects entering the development pipeline and demand for warehouse space increasing at the same time, the amount of vacant space is likely to fall gradually in the coming months,” Śniadała says.
Another factor limiting availability is the high level of pre-leasing in projects currently under construction.
“Most new facilities are already covered by lease agreements, which means that less space is being delivered to the market on a speculative basis and available for immediate occupation. As a result, finding suitable warehouse space may become increasingly difficult, particularly in the most attractive locations,” he adds.
The figures point to a market in which demand remains resilient despite a more conservative approach from developers. If construction activity stays subdued while leasing demand continues to grow, tenants may face tighter availability and stronger competition for modern, well-located warehouse facilities.
