At the end of the first quarter of 2026, 1.46 million sqm of modern warehouse and logistics space was under construction in Poland, according to the latest data from CBRE. At the same time, construction began on a further 331,000 sqm of new projects during the first three months of the year.
The market continues to develop steadily, while developers are increasingly focusing on projects backed by pre-let agreements. The share of space being built speculatively fell to around 37%, the lowest level recorded in several quarters.
Poland’s total stock of modern warehouse and logistics space reached 37.4 million sqm, up 6.1% year on year. The country continues to hold a strong position in the European logistics market, both in terms of existing stock and development activity.
“The Polish warehouse and logistics market has entered a phase of stabilisation. Developer activity remains high, but there is a growing trend towards more carefully planned investments and a stronger focus on projects with secured tenants. After years of very dynamic growth, the mature market is now taking a more cautious approach to risk management,” said Michał Śniadała, Head of Industrial & Logistics at CBRE.
In the first quarter of 2026, 653,000 sqm of new warehouse space was delivered, a result close to the level recorded a year earlier. Over the same period, construction started on 331,000 sqm of new facilities.
The largest projects completed during the quarter were 7R Park Gdańsk III, with 80,000 sqm, Panattoni Park Rzeszów West, with 73,000 sqm, and Prologis Park Ujazd, with 63,400 sqm.
The highest level of construction activity was recorded in the Mazowieckie region, where 542,400 sqm of warehouse space was under development. It was followed by Śląskie, with 216,000 sqm, and Łódzkie, with 143,400 sqm.
Strong demand for warehouse space
Demand for warehouse space remained high. In the first quarter of 2026, tenants leased a total of 1.58 million sqm. The strongest activity was recorded in the Mazowieckie region, with 316,000 sqm, followed by Wielkopolskie, with 309,000 sqm, Dolnośląskie, with 255,000 sqm, and Łódzkie, with 228,000 sqm.
New leases and renegotiations dominated the transaction structure, together accounting for 88% of total leasing volume.
The vacancy rate stood at 7.3% at the end of March, indicating a continued balance between supply and demand. The largest declines in vacancy levels were recorded, among others, in the Lubelskie, Dolnośląskie and Wielkopolskie regions.
Rental rates remained stable, with changes in rent levels depending mainly on location, building standard and the availability of new space.
