Wednesday, 9 September 2026
Poland’s warehouse market strengthened during the first half of 2026, with rising leasing activity and falling availability pointing to improving conditions across several of the country’s largest logistics regions. Gross take-up reached 3.51 million sqm in H1 2026, according to CBRE data cited by Panattoni, an increase of 21% compared with the same period last year. The second quarter accounted for 1.93 million sqm, while Panattoni reported 538,000 sqm of leasing during the period.
New agreements represented 52% of total transaction volume, compared with 40% for renewals and 8% for expansions. The largest concentrations of tenant activity were recorded in Silesia, Lower Silesia and the Łódź region. “Data from the first half of the year show that we are seeing not only an increase in transaction volume, but above all genuine demand for new space. Net demand is growing significantly faster than gross demand, and the majority of agreements concluded are new contracts,” said Marek Dobrzycki, Partner at Panattoni.
Greater leasing activity has been accompanied by a reduction in available warehouse space. Poland’s vacancy rate fell to 6.6% at the end of June, compared with 7.3% at the end of Q1 and 8.2% a year earlier, taking the measure to its lowest level in three years. Several regional markets recorded particularly strong declines, with vacancy in Pomerania falling from 8.2% to 6.3%, Lower Silesia from 8.0% to 6.2% and Greater Poland from 7.9% to 6.1%.
Panattoni reported an even lower vacancy rate of 3.52% across its completed developments. The developer currently has more than 628,000 sqm under construction and says its pipeline approaches one million sqm when projects expected to start in the near term are included.
“The fall in vacancy rates, coupled with increased tenant activity, is one of the most important signals we are seeing in the market today. Available space is being taken up at an ever-faster rate, and companies are becoming increasingly determined to make decisions regarding the expansion of their operations,” Dobrzycki said.
The combination of falling vacancy and the high proportion of new leases suggests Poland’s warehouse recovery is increasingly being supported by fresh occupier requirements rather than renewals alone. The next test will be whether stronger demand encourages developers to accelerate new supply or whether continued caution keeps construction disciplined as existing availability declines.
