Warsaw has emerged as the primary hub for industrial projects, accounting for 36% of all industrial and logistics space currently in the pipeline, according to a report by BNP Paribas Real Estate.
At the same time, despite a 35% year-on-year decrease in total annual supply, 2025 concluded with 1.8 million sqm under construction.
Investor and developer confidence in the capital is evidenced by recent completions and ongoing large-scale projects. During Q4 2025, the Warsaw II zone hosted the two largest market deliveries: Panattoni Park Warsaw North III (32,000 sqm) and Warsaw Logistic Park (28,000 sqm). This momentum continues with projects like Panattoni Park Grodzisk VI, which is set to provide 86,000 sqm.
“Despite ongoing geopolitical and macroeconomic challenges, the sector has demonstrated remarkable resilience and stability, with growth rates remaining robust. As a result, Poland continues to strengthen its position as one of the region’s key markets – for both investors and tenants,” Ludwika Korzeniowska, Head of Industrial and Logistics Department, BNP Paribas Real Estate Poland said.
Market fundamentals remain solid, with 2025 recording the second-highest annual leasing volume in history at 6.64 million sqm. Tenant activity in the final quarter was particularly driven by the 3PL sector, which accounted for 36% of demand, followed by electronics and FMCG firms.
Although the vacancy rate remains stable at 7.4%, the high commercialisation level of space under construction—reaching 61%—suggests that the market is efficiently absorbing new supply.
Consequently, rental rates have remained stable, though experts anticipate gradual increases for prime locations and newly delivered properties.
