Savills has published its latest report on the Polish industrial and logistics market, confirming growing interest from both investors and tenants in the first half of 2025. Warsaw and the surrounding areas have now exceeded 7 million sqm of modern space, strengthening their role as a key logistics hub in Central Europe.
Supply and development activity
At the end of June 2025, Poland’s industrial stock stood at over 36 million sqm. In H1, 1.15 million sqm of new space was delivered, with an average take-up of 61%. Projects completed in Q2 were already 80% leased. The largest supply was recorded in Wrocław (294,000 sqm), Upper Silesia (256,000 sqm), and the Warsaw I and II zones (155,000 sqm combined).
Currently, 1.47 million sqm is under construction, 35% less than a year ago, with 59% already pre-let. In the next four quarters, markets with limited new developments, such as Poznań, Kraków, Tricity, and Eastern Poland, may face reduced availability of modern space.
In H1, construction started on 966,400 sqm with an average pre-let level of 60%. Major ongoing projects include 7R Park Gdańsk III (80,000 sqm), Panattoni Park Rzeszów West BTS for BSH Appliances (73,000 sqm), Booster Zabrze by LemonTree (69,900 sqm), and Panattoni Park Zgierz II (68,800 sqm).
Demand, vacancies and rents
Gross take-up in H1 reached 2.95 million sqm, with net take-up at 1.34 million sqm. Renewals accounted for more than half of signed leases, showing the maturity of the market. Notable transactions included 79,200 sqm for Shein in ECE Kąty Wrocławskie and 67,800 sqm for a logistics operator in 7R Park Gdańsk III.
The vacancy rate dropped to 7.9%, down 20 bps year-on-year and 30 bps compared to Q2. Availability is tightest in Białystok, Opole, Kraków, and Szczecin.
Prime rents remained stable, ranging from €3.50 to €6.75 per sqm per month for big-box facilities, with the highest levels in Warsaw, Kraków, and Tricity. Slight upward pressure is seen in top-class assets in prime locations with limited supply
Market outlook
“There is increasing demand from manufacturing companies for tailor-made facilities, usually delivered in long-term lease formats. This is especially visible in food, defence, high-tech, and building materials sectors. It’s a positive signal for the market after a period of lower activity,” says Michał Chodecki, Head of Industrial at Savills
Savills expects the market to gradually balance new supply with tenant demand, leading to more stable rental levels and predictability for developers, tenants, and investors. Over 80% of Poland’s modern logistics stock was delivered in the last five years, ensuring high quality and ESG-compliant standards.
