Poland’s Warehouse property Market Remained Steady

Poland’s warehouse property market remained steady in the third quarter of 2025, with strong tenant activity balancing a slowdown in new construction, according to the latest industry data.

The country’s total modern logistics space reached 36.45 million square metres by the end of September. Developers completed 1.55 million square metres in the first nine months of the year, a clear drop from the same period in 2024. The slower pace reflects a more cautious approach to new building, as companies focus on projects backed by firm tenant interest.

Ongoing construction also remained moderate. Around 1.56 million square metres was being built at the close of the third quarter, noticeably less than a year earlier. Despite the reduced pipeline, the market has avoided any significant imbalance thanks to solid demand from occupiers.

Leasing activity was one of the strongest points of the quarter. Between January and the end of September, companies signed contracts for 4.54 million square metres, almost one-fifth more than a year before. Much of this volume came from retail, logistics and e-commerce operators expanding their operations or renewing existing agreements.

Vacant space remained broadly unchanged. The nationwide rate stood at about 8.2%, suggesting that available buildings continue to be taken up at a healthy pace. Conditions vary by region, but overall availability stayed within comfortable levels for both landlords and tenants.

Rental prices also held steady. Large modern warehouses continued to command €3.60 to €6.00 per square metre per month, depending on location and specification. Analysts see little pressure for change in the near term, given the combination of limited new construction and sustained occupier interest.

With demand proving resilient and construction activity remaining measured, Poland continues to play a central role in the regional logistics network. Market observers expect these trends to support a stable finish to the year.

Source: AXI IMMO, CBRE, JLL and CIJ EUROPE Analysis Team