The warehouse market in the West Pomeranian Voivodeship has played a strategic role on Poland’s logistics map for years. The region’s proximity to foreign markets in Germany and Scandinavia, as well as access to the Szczecin-Świnoujście port, enhances its investment attractiveness. Currently, the West Pomeranian Voivodeship has a total industrial and logistics stock of 1.24 million square meters of modern warehouse space. The development of transport infrastructure, including the expansion of road and rail networks, further increases the market’s appeal. However, the region’s demand dynamics are significantly influenced by the activity of companies from Germany. In 2024, the total tenant activity volume reached 174,000 square meters (-23% year-on-year), which, in the absence of newly completed investments in the past 12 months, lowered the vacancy rate to 2.8%. Poland’s largest commercial real estate advisory firm has released a report titled “Warehouse and Industrial Market in the West Pomeranian Voivodeship: Summary of 2024.”
Analysts from AXI IMMO indicate that at the end of 2024, the total warehouse space in the West Pomeranian Voivodeship amounted to 1.24 million square meters, accounting for 3.6% of the country’s total stock. Despite objective factors indicating the attractiveness of the location, no new A-class investments were commissioned in the region last year. By the end of December 2024, 114,000 square meters of new space were under construction, the majority of which was being developed in Szczecin. The largest projects include Panattoni Park Szczecin V (49,700 square meters), a BTS facility for the Action retail chain (54,400 square meters), and the LemonTree investment (31,400 square meters). Nevertheless, developers recognize the region’s growth potential and have secured land for future industrial and logistics projects covering approximately 800,000 square meters.
One of the most notable trends in the warehouse market in the West Pomeranian Voivodeship was a significant decline in the vacancy rate, which stood at 2.8% at the end of 2024 (-4.4 percentage points year-on-year). According to AXI IMMO analysts, this was the largest annual drop in availability across all industrial and logistics regions in Poland. At the same time, total tenant activity in 2024 in the West Pomeranian Voivodeship amounted to 174,000 square meters (-23% year-on-year), with 66% comprising new lease agreements and expansions. The lower demand level resulted from a less favorable macroeconomic environment, particularly the economic slowdown in Germany, which influenced tenants’ investment decisions. The leasing structure is dominated by logistics operators, complemented by manufacturing and distribution companies. It is worth noting that the average lease transaction size in the region is relatively high, reaching 10,200 square meters in 2024.
Anna Gawrońska, Consultant in the Industrial and Logistics Space Department at AXI IMMO, states: “The industrial and logistics market in the West Pomeranian Voivodeship is dynamically developing, attracting manufacturing companies, logistics operators, and the e-commerce sector. Thanks to its strategic location, the region serves not only northwestern Poland but also Germany and Scandinavia. Key investments are concentrated in Szczecin, Goleniów, and Stargard, but as infrastructure develops, other locations such as Kołbaskowo, Gryfino, Nowogard, and Koszalin are gaining importance.”
Base rental rates in the West Pomeranian Voivodeship align with the national market averages, ranging between 4.10 and 4.70 EUR/sq. m/month. The lowest rates are available in Stargard, while the highest are found in new and planned investments in Szczecin.
