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Articles - BTO

Poland's Warehouse Market at the Start of 2025: Stability, Caution, and Evolving Demands

The Polish warehouse market is entering 2025 showing signs of stabilization, though tempered by increased caution from both developers and tenants. While total modern warehouse stock has surpassed 35 million sqm, a record 3 million sqm remains unleased, pushing the average vacancy rate just above 8%. The market is seeing a shift towards lease renegotiations, slower new development, and a focus on flexible, customized, and sustainable solutions.

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.

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