2026 Poland Real Estate Market Outlook_ENG

2026 Real Estate Market Outlook P|oland

Intelligent Investment

05 Logistics

Stabilization on the logistics market Today we need quality

In 2026, it's not about quantity, but quality – warehouses are growing smarter, not faster.

Figure 05: New supply of logistics and warehouse buildings (sqm), total leasing activity (sq m), and vacancy rate (%)

The warehouse and logistics market in 2026 will be primarily characterized by a shift in development approach, with quality beginning to take precedence over quantity. This means that developers and investors are moving away from simply building as much as possibalendare instead focusing on high-quality warehouse space. It is worth noting that the supply of warehouse space in Poland is starting to stabilize. Developers are no longer building at the same pace as in 2021 and 2022, and since the construction cycle for warehouses is relatively short, it allows for quicker reactions to market changes. This enables better regulation of demand and supply, which should benefit both developers and clients. At the same time, the Polish logistics sector is gaining importance within the global supply chain. Poland, due to its geographical location and good infrastructure, is becoming an increasingly attractive location for investors and logistics companies. This is leading to an increase in the pool of investors in logistics real estate, even though rent rates in Poland are among the lowest in Europe. In the short term, we do not anticipate any major rent increases, but the market is starting to diversify. The most desirable locations, due to their attractiveness and accessibility, are being rewarded with higher rent rates.

8 000

8%

7 000

7%

6 000

6%

5 000

5%

4 000

4%

3 000

3%

Vacancy rate(%)

2 000

2%

Newsupply, TLA (thousandsq m)

1 000

1%

0

0%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Completions (LHS)

Total leasing activity (LHS)

Vacancy rate (RHS)

Source: CBRE Research

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17 CBRE RESEARCH