According to the latest report “Industrial and Warehouse Market in Poland”, released by real estate advisory firm Newmark Polska, in the first quarter of 2026, Poland’s total warehouse and industrial stock surpassed 37 million sqm. The country’s six core regional hubs further consolidated their dominance, capturing nearly 70% of new supply, more than 83% of the development pipeline and almost 85% of take-up. Meanwhile, the average vacancy rate declined both year-on-year and for the second consecutive quarter.
At the close of the first quarter of 2026, Poland’s total warehouse and industrial stock surpassed 37.4 million sqm, representing a year-on-year expansion of just over 6.2%.
“New supply in the year to date reached approximately 653,250 sqm. While this figure represents a substantial 374% surge quarter-on-quarter, it reflects a marginal 4% decline compared with the first quarter of 2025. Three provinces saw over 100,000 sqm of new completions each. In aggregate, more than 450,000 sqm of new stock was delivered onto Poland’s six core warehouse markets, which accounted for nearly 70% of the total new supply recorded in the first quarter of 2026,” says Jakub Kurek, Head of Industrial and Warehouse, Newmark Polska.
At the end of March 2026, just under 1.46 million sqm of warehouse and industrial space was under construction – an 18.6% contraction from the fourth quarter of 2025, yet an almost 6% increase year-on-year. Currently, the development pipeline represents less than 4% of Poland’s total existing warehouse stock, indicating relatively subdued developer activity. This trend also points to heightened investor and developer caution regarding new launches as the market transitions towards a phase of gradual stabilisation following years of rapid growth.
“Regionally, Mazovia maintains its leadership with 542,400 sqm under construction (37.3% of the national pipeline), followed by Upper Silesia with more than 216,000 sqm (approximately 15%),” adds Jakub Kurek.
Total take-up in the first quarter of 2026 reached nearly 1.58 million sqm, up more than 46.8% year-on-year but down 27.7% quarter-on-quarter. Nevertheless, this marked the strongest first-quarter performance since 2021.
“Given the size of Poland’s market and the leasing activity recorded over the past 12 months, occupier demand for warehouse and industrial space is projected to remain relatively resilient in the near term. Consequently, total take-up for the full year is expected to exceed 6 million sqm,” says Jakub Kurek.
The structure of occupational demand in the first quarter of 2026 was dominated by new leases, which accounted for 42% of total take-up, followed by renewals at 35.2%. The remaining 22.8% came from expansions (11.8%) and sale-and-leaseback deals (11.0%). Notably, sale-and-leaseback transactions represented a particularly significant share of leasing activity in Subcarpathia (77.2% of regional take-up), Lubelskie (44.8%) and Greater Poland (43.2%). Additionally, a total of 91,950 sqm was transacted under short-term leases of up to one year.
The largest lettings recorded in the three months to March 2026 included Raben’s sale-and-leaseback of a 125,800 sqm built-to-suit warehouse in Poznań and two renegotiations: one in Prologis Park Janki for 72,000 sqm and another in Logistic City Piotrków Trybunalski for 68,300 sqm. Both extensions concerned confidential tenants from the retail sector.
At the end of March 2026, the overall warehouse and industrial vacancy rate stood at 7.3%, down 0.1 pp quarter-on-quarter and 1.2 pp year-on-year, equating to more than 2.7 million sqm of available space in existing buildings. Meanwhile, availability in projects under construction totalled 539,750 sqm, accounting for just over 37% of the development pipeline.
The first quarter of 2026 also saw continued polarisation between prime and secondary asking rents for warehouse and industrial space.
“Facilities offering advanced technological specifications and high sustainability standards in the most sought-after locations recorded slight rental growth. Conversely, owners of secondary assets faced weaker occupier demand and were often required to offer more generous incentive packages to secure occupiers. At the end of March, the highest rents continued to be commanded in Warsaw (zone 1) and Pomerania,” says Agnieszka Giermakowska, Research & Advisory Director, ESG Lead, Newmark Polska.
