According to the latest report “Industrial and Warehouse Market in Poland”, in the first six months of 2025, Poland’s warehouse and industrial market experienced moderate development activity in terms of both new supply and stock under construction. By contrast, leasing activity continued at healthy levels, driven largely by lease renegotiations. Warehouse availability in existing buildings remained relatively high, particularly in Lower Silesia, Mazovia, Łódzkie and Upper Silesia, with each region offering more than 400,000 sqm of vacant space.
In the first half of 2025, Poland’s total warehouse and industrial stock surpassed the 36 million sqm mark, a rise of 7.5% from the same time last year.
“The Polish market has grown by less than 10% for six consecutive quarters, i.e. since the first quarter of 2024, with this trend unlikely to reverse in the near future. Nearly 1.15 million sqm of new warehouse and industrial space was delivered between January and June 2025, marking a year-on-year decrease of almost 30% and the lowest volume of first half completions since 2020. The second quarter of 2025 saw 468,450 sqm of new deliveries, down more than 31% quarter-on-quarter and more than 40% year-on-year,” says Jakub Kurek, Head of Industrial and Warehouse, Newmark Polska.
Supply and warehouse space under construction
Development activity remains relatively moderate. At the end of June 2025, just under 1.5 million sqm of warehouse and industrial space was under construction, up nearly 7% compared with the first quarter, but down more than 26% year-on-year. Over 65% of this total comprised projects launched in the second quarter of 2025.
“The highest concentration of warehouse construction activity is currently in Poland’s six largest industrial markets, which together account for close to 80% of the development pipeline. Mazovia leads the way with over 450,000 sqm underway, while each of the remaining markets has less than 200,000 sqm under construction,” adds Jakub Kurek.
Tenant activity on the warehouse and industrial market in Poland
Total warehouse and industrial take-up in the second quarter of 2025 topped 1.84 million sqm, representing an increase of over 66% quarter-on-quarter and 7% year-on-year. This also marked the fifth-highest quarterly leasing volume in Poland’s industrial market since records began.
“Transaction volume in the first half of 2025 totalled more than 2.95 million sqm, up 10.2% from the same time last year. Occupier demand in the first half of 2025 was largely driven by renegotiations, which accounted for 54% of total take-up, followed by new leases and expansions, making up 40% and 6% respectively. Additionally, a total of 169,400 sqm was transacted under short-term leases of up to one year,” says Jakub Kurek of Newmark Polska.
The two largest transactions in the six months to end-June 2025 were sale and leaseback deals, which are on the rise in Poland’s warehouse and industrial market. These involved two production facilities leased by Eko-Okna: in Wodzisław Śląski (131,200 sqm) and Kędzierzyn-Koźle (131,100 sqm). Other major lettings included Shein’s lease of 79,200 sqm at the ECE Kąty Wrocławskie logistics park and a confidential 3PL tenant’s agreement for space at 7R Park Gdańsk III.
Warehouses to lease
According to Newmark Polska, warehouse availability in existing buildings amounts to more than 2.9 million sqm, the highest volume of vacant space in the history of the Polish market, with an additional 600,000-plus sqm available for lease in the development pipeline.
Poland’s overall vacancy rate has hovered above 7.0% since the third quarter of 2023. At the end of June 2025, it stood at 8.2%, marking a decrease of 0.3 pp quarter-on-quarter and 0.1 pp year-on-year. The highest vacancy rates were recorded in Lubuskie (18.4%), Świętokrzyskie (17.2%), Pomerania (10.7%) and Lower Silesia (10.2%), with the lowest in Podlaskie (0%), Warmia-Masuria (0%) and Opolskie (1.7%).
Rents
At the end of the second quarter of 2025, prime warehouse and industrial rents remained relatively stable in Poland’s core markets.
“The highest rents were recorded in Warsaw (zone 1) and in Pomerania, Upper Silesia and Lesser Poland. However, in locations with significant volumes of vacant space in existing warehouses, landlords tend to show increased willingness to offer not only rent discounts but also attractive incentive packages,” comments Agnieszka Giermakowska, Research & Advisory Director, ESG Lead, Newmark Polska.
