Warehouse developers now more cautious
schedule 27 May 2025
Pre-leases are now an important criterium
Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the space. This level of occupancy is often a prerequisite for the start of construction - developers today are placing great emphasis on reducing risk, which makes fully speculative developments rare.
The market has clearly become polarised. On the one hand, there are players such as GLP, CTP and Hillwood, who are still actively developing speculative projects - mainly in prime locations where demand is stable and predictable. On the other hand, some developers prefer the pre-lease model, launching projects only after leases have been signed.
BTS (build-to-suit) and BTO (build-to-own) projects are still an important market segment, especially for tenants with specific technical requirements or who are interested in facility ownership. However, they are being developed selectively, mainly by experienced developers
Already have an account? Log in
77% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
- Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Who will win and who will lose with changes to the land market
Who will win and who will lose with changes to the land market
The biggest change to the land market in years is on the horizon. The spatial planning reform will mean that plots previously considered attractive may lose value, while land with ...
Walter Herz
Sales up, supply down
Sales up, supply down
In the first quarter of 2026, the Polish housing market recorded a significant increase in sales. A total of 12,900 apartments were sold across the country's seven largest cities ( ...
JLL Polska
Rent isn't everything. The real costs of leasing warehouse space
Rent isn't everything. The real costs of leasing warehouse space
Choosing a new warehouse takes much more than simply comparing rental rates across a few or even a dozen centres. With rising energy costs and varying technical standards, the actu ...
Newmark Polska