Certifications, pre-let and power – what drives warehouse construction?

The Polish warehouse market is entering a new stage of maturity, where investment decisions are no longer driven solely by location or projected demand. Today, the key factors are pre-let security, ESG compliance, and access to infrastructure. In a changing economic landscape, developers are increasingly risk-averse, focusing on projects with a solid tenant base. Construction typically begins only when at least 50–60% of the space is pre-leased, making speculative developments the exception rather than the rule.