Poland Poland's warehouse market "In good shape"

Warehouse & industrial
More than 2.6 mln sqm of industrial and logistics space was delivered across Poland in 2024, according to BNP Paribas Real Estate Poland’s latest report At a Glance. Industrial and Logistics Market Q4 2024. While this was below the new supply levels recorded in previous years, the Polish market remains in good shape. Vacancy rates edged down, with development activity driven by demand coming from retail and 3PL.
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In 2024, following a period of stagnation, Poland’s economy posted solid annual GDP growth of 3.0 pct, which had a positive impact on the industrial and logistics sector. The country’s commercial real estate market benefits from its strategic geographical position, robust infrastructure and competitive operating costs.

At the end of the fourth quarter of 2024, Poland’s industrial and logistics stock stood at 34.5 mln sqm across 14 regions. Last year’s new deliveries surpassed 2.6 mln sqm. Although this figure was lower than in previous years, the market maintains strong momentum. The largest volumes of new space were delivered in Lower Silesia (625,000 sqm), Warsaw I & II (a total of 454,000 sqm) and Central Poland (343,000 sqm).

Last year’s new supply was almost on par with the pre-pandemic average, indicating a return to a more sustainable growth pace. On the demand side, 2024 ended with 5.8 mln sqm of warehouse lease transactions, marking a 4 pct increase year-on-year and surpassing the 5 mln sqm mark for the fifth consecutive year. Take-up was dominated by new leases and expansions, accounting for approximately 58 pct of all transactions, while the remaining 42 pct came from renewals – highlighting companies’ strong focus on stabilisation and optimisation strategies,
Ludwika Korzeniowska, Head of Industrial and Logistics, BNP Paribas Real Estate Poland.

Total take-up for the fourth quarter of 2024 exceeded 2 mln sqm, a 7 pct rise year-on-year. Leasing activity was strongest in Poland’s three core regions: Warsaw II (504,000 sqm), Central Poland (365,000 sqm) and Upper Silesia (257,000 sqm). The largest transactions of the final quarter saw BSH Appliances lease 73,000 sqm at Panattoni Park Rzeszów West and Oponeo extend its 73,000 sqm lease at Hillwood Stryków II, where it also took an additional 33,000 sqm of warehouse space.

Retail and 3PL led leasing activity in the October-December period, accounting for 34 pct of all deals, followed by e-commerce with an 11 pct share. However, in 2024 as a whole, the retail sector overtook logistics as the most active tenant group.

The industrial and logistics development pipeline contracted over the quarter to just over 1.75 mln sqm at the end of December 2024. This slowdown in construction is a notable trend both in Poland and worldwide.

The highest concentration of development activity is in Lower Silesia, with the largest projects underway being Building 3 of P3 Wrocław, totalling 92,000 sqm, followed by GLP Wrocław V Logistics Centre, which is set to deliver 67,000 sqm of new space upon completion. Meanwhile, the key project in the pipeline in Central Poland is the 59,000 sqm Tuszyn Industrial Park.

The top regions for new industrial and logistics deliveries in the fourth quarter of 2024 were Lower Silesia (252,000 sqm), Warsaw II (143,000 sqm) and Central Poland (50,000 sqm).

The recent downturn in new industrial and logistics completions pushed the overall vacancy rate down to 7.5 pct in the fourth quarter of 2024, down by 0.5 pp from the previous quarter but up by 0.1 pp year-on-year. The highest vacancy rates were recorded in the West (17.4 pct), Warsaw I (10.9 pct) and Central Poland (9.7 pct), while the lowest were in Opole (2.4 pct), Szczecin (2.8 pct) and Kraków (3.1 pct).

BNP Paribas Real Estate Poland forecasts steady industrial and logistics demand throughout 2025, driven primarily by e-commerce, 3PL and manufacturing. Vacancy rates are expected to decline further, stabilising at around 6-7 pct.

Poland’s data centre market is experiencing rapid growth, attracting both domestic operators and global tech leaders. At the end of 2024, Poland had over 120 data centres, a number expected to triple by 2030.

The Warsaw region has emerged as the most attractive area for data centre development as it benefits from its strategic location, stable economy and growing demand for cloud services and AI applications. Equally important is the development of energy and telecommunications infrastructure, the availability of modern fibre optic networks and rising investments in renewable energy, further strengthening Poland’s competitiveness
Robert Pawłowski, Director, Industrial and Logistics Department, BNP Paribas Real Estate Poland

Despite this fast-paced growth, Poland’s data centre sector faces several challenges, particularly the need to secure reliable and greater power supplies, and the scarcity of land for new projects, especially in the Warsaw region.

According to Grafton Recruitment’s Corporate Salary and Trends report, 2024 saw an increase in job postings in logistics, with demand for logistics professionals outpacing that reported for other sectors.

This growth highlights the growing role of Poland in global supply chains. In 2024, salary growth in logistics varied across roles, with the fastest increases seen for customs agents and warehouse management specialists. Notable salary rises were also recorded for transport dispatchers and logistics

specialists. Pay differences stem from the rising demand for skills key to efficient supply chain management and warehouse operations.

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LCube has received a building permit for the LCube Wrocław East II logistics park in Dobrzykowice near Wrocław. The 62,000 sqm park is to be built on a 13 ha site.

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According to ‘Office Occupier – Office Market in Tricity’ published by real estate advisory firm Newmark Polska, The Tricity ended 2024 with the second-highest office take-up level on record, while its vacancy rate – hovering above 12 pct for the past four years – edged down.

Warehouse & industrial

Poland Poland's warehouse market "In good shape"

schedule 07 April 2025
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More than 2.6 mln sqm of industrial and logistics space was delivered across Poland in 2024, according to BNP Paribas Real Estate Poland’s latest report At a Glance. Industrial and Logistics Market Q4 2024. While this was below the new supply levels recorded in previous years, the Polish market remains in good shape. Vacancy rates edged down, with development activity driven by demand coming from retail and 3PL.

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schedule 07 April 2025
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Two Polish companies from the IT and gaming industries have leased space in the Korona Office Complex. The centre comprises over 38,200 sqm of space across four buildings on al. Armii Krajowej in Kraków.

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schedule 04 April 2025
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schedule 04 April 2025
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Małopolska is rapidly expanding its industrial & logistics market, having seen a 148 pct increase in supply over the past five years and becoming a viable alternative to Poland's major logistics hubs, reports Axi Immo.

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Poland Multi takes on Galeria Przymorze

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Multi Poland has taken on the management of the Galeria Przymorze shopping centre in Gdańsk.

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Poland PRS growing rapidly in Poland

schedule 04 April 2025
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JLL experts present an analysis of the rental sector along with an outlook for the future. At the end of 2024, there were more than 22,300 units in the PRS sector in Poland, of which around 26 pct were brought to market last year. 

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schedule 04 April 2025
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Poland JD Sports enters Tarnów

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schedule 04 April 2025
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Poland Atlassian moves into Officyna

schedule 04 April 2025
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schedule 03 April 2025
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According to the "Quo Vadis E-commerce" report released by Cushman & Wakefield, the online commerce continues to be a growth driver for the industrial & logistics real estate sector, generating significant opportunities for developers and investors.

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Poland BIG Poland acquires Power Park Olsztyn

schedule 03 April 2025
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BIG Poland has announced the acquisition of Power Park Olsztyn, a shopping centre located in the southern part of Olsztyn. This strategic investment reinforces the company’s commitment to expanding its presence in Poland’s retail sector through high-quality assets.

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schedule 03 April 2025
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Latest in Warehouse & industrial

schedule 07 April 2025

Building permit for LCube Wrocław East II

LCube has received a building permit for the LCube Wrocław East II logistics park in Dobrzykowice near Wrocław. The 62,000 sqm park is to be built on a 13 ha site.

schedule 07 April 2025

Poland's warehouse market "In good shape"

More than 2.6 mln sqm of industrial and logistics space was delivered across Poland in 2024, according to BNP Paribas Real Estate Poland’s latest report At a Glance. Industrial and Logistics Market Q4 2024. While this was below the new supply levels recorded in previous years, the Polish market remains in good shape. Vacancy rates edged down, with development activity driven by demand coming from retail and 3PL.

schedule 04 April 2025

Małopolska set to grow fast

Małopolska is rapidly expanding its industrial & logistics market, having seen a 148 pct increase in supply over the past five years and becoming a viable alternative to Poland's major logistics hubs, reports Axi Immo.

schedule 03 April 2025

Panattoni City Dock Hilden now fully leased

All 17 units of Panattoni City Dock Hilden are now fully leased with the signing of two new tenants. The park comprises almost 27,000 sqm.

schedule 03 April 2025

Accolade takes on BTS project

Accolade is to construct a BTS project in Świdnik for an undisclosed Polish courier firm.

schedule 02 April 2025

pbb lends EUR 120 mln to EQT Real Estate

Deutsche Pfandbriefbank AG (pbb) has underwritten an investment facility, totalling EUR 120 mln to refinance a logistics portfolio for EQT Real Estate.

schedule 02 April 2025

Igepa Polska leases new space at MLP Łódź

Igepa, the paper and visual advertising media distributor, is expanding its cooperation with MLP Group. Under the new agreement, the company has leased approx. 7,650 sqm of space at the MLP Łódź logistics centre, which includes modern offices, a showroom, and a terrace. 

schedule 01 April 2025

Global fashion giant chooses Lower Silesia

Panattoni has secured a new tenant to its Lower Silesian investment. A leader in fashion retail has leased 56,000 sqm at Panattoni Park Legnica. 

schedule 28 March 2025

Iron Mountain extends lease contract

Iron Mountain, a company offering information and document storage services, has extended its lease for almost 31,000 sqm of warehouse space in three buildings at Prologis Park Błonie.

schedule 27 March 2025

Panattoni's new tenants in Hamburg

Three more companies, Innovaze Media, Thiele & Fendel and Avaso Technology Solutions, have joined the City Dock Hamburg Norderstedt business park on the outskirts of Hamburg.

schedule 27 March 2025

Secured financing for Wrocław Campus 2

Panattoni has secured EUR 74.5 mln in financing from PKO Bank Polski. The loan will support the development of Wrocław Campus 2. 

schedule 27 March 2025

Lindab to stay longer at MLP Pruszków II

The manufacturer and distributor of products and solutions for construction, ventilation, and air conditioning has extended its cooperation with MLP Group for another term.

schedule 26 March 2025

Topping-out ceremony in Norderstedt

Garbe has recently celebrated the topping-out ceremony for a modern logistics property in Norderstedt, Germany. The new building, located just a few kilometres north of Hamburg's city limits, has a total area of around 12,700 sqm and is scheduled for completion at the end of H1 2025.

schedule 26 March 2025

Segro extends lease agreement with Bidfood 

The food distributor and service provider for the HoReCa sector will remain in Segro Park Warsaw, Żerań, with 6,200 sqm of warehouse and office space and will additionally rent a 150 sqm office unit.

schedule 24 March 2025

Panattoni once again for LPP

Panattoni is expanding its cooperation with LPP Logistics. The logistics operator from the fashion company LPP Group has leased over 18,000 sqm at Panattoni Park Bydgoszcz II.

schedule 20 March 2025

A logistics hub with growth potential

According to the latest report "Industrial & Logistics Market in the Szczecin region. Summary of 2024" by Axi Immo, the industrial market in the Zachodniopomorskie Voivodeship has played a strategic role in Poland's logistics landscape for years. 

schedule 20 March 2025

Garbe and Hagedorn revitalise brownfield site in Nuremberg

Garbe Industrial Real Estate is launching a new project as part of a joint venture with the Hagedorn Group. The companies have jointly acquired a plot of land measuring approx. 17,300 sqm in Nuremberg, a few kilometres from the city centre.

schedule 18 March 2025

Market continues to hold steady

According to the latest report “Industrial and Warehouse Market in Poland”, released by Newmark Polska, in 2024, Poland’s warehouse and industrial market maintained steady growth despite the challenges of an economic slowdown across Europe, capital constraints and relatively high inflation rates.

schedule 17 March 2025

Janex expands at MLP Pruszków II

A Polish food producer and wholesale and retail supplier has leased approx. 11,700 sqm of new space at MLP Pruszków II. Janex, a long-term partner of MLP Group, will launch its second, and simultaneously twice as large, facility in the new building at this logistics park.

schedule 13 March 2025

Dorel Poland moves to MLP Czeladź

MLP Group has signed a lease agreement with Dorel Poland, the distributor of car seats and strollers under the Maxi-Cosi brand. The company will occupy over 3,500 sqm of modern space at the MLP Czeladź logistics centre. 

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Edition 3 (296) March 2025

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