2026-07-01-莱坊-Warehouse_market_Warsaw_Q1_2026_4页_1mb

Warsaw Warehouse Market Summary - Q1 2026

Core Content

The Warsaw warehouse market remains the largest and most dynamic in Poland, with a strong presence in both existing and new supply. As of the end of Q1 2026, the total modern warehouse stock in the Warsaw region reached 7.3 million square meters, accounting for 19.6% of the national industrial and logistics supply.

The market is characterised by a high degree of diversity in terms of technical specifications, building quality, and location. The existing stock is mainly concentrated in two logistics zones:

• Zone I: Within a 12 km radius of Warsaw city centre, including Okęcie, Służewiec Przemysłowy, Targówek, and Żerań, representing about 20% of the metropolitan area's warehouse stock.
• Zone II: From 12 km to 50 km from the city centre, covering 80% of the warehouse supply. It is focused along major transport corridors like E30, E67, and E77, connecting to cities such as Poznań, Katowice, and Kraków.

Key Market Indicators

• New Supply (Q1 2026): Developers delivered 130,000 sq m of Grade A warehouse space, marking a significant increase compared to the previous quarter and the same period in 2025.
• Under Construction: At the end of Q1 2026, 540,000 sq m of modern warehouse space was under construction, with 46,000 sq m added during the quarter.
• Leasing Activity: Total leasing activity in Q1 2026 amounted to 315,000 sq m, representing a 40% year-over-year increase.
• Vacancy Rate: The vacancy rate stood at 5.7%, 0.1 percentage points lower than the previous year, but 1.2 percentage points higher on a quarterly basis due to the delivery of new supply and a modest commercialisation rate of 50%.

Lease Terms and Rents

• Standard Lease Terms: Typically include a rent-free period of 1–1.5 months per year of the lease term.
• Asking Rents for Warehouse Space: Ranged between EUR 3.80–7.50 per sq m per month, remaining stable compared to the previous quarter.
• Asking Rents for Office Space: Ranged from EUR 10.00–12.50 per sq m per month.
• Service Charges: Ranged from PLN 4.00–7.00 per sq m per month.

Top Warehouse Destinations

The top five warehouse destinations in the Warsaw region (by existing stock) are:

1. Błonie – 820,000 sq m
2. Ożarów Mazowiecki – 460,000 sq m
3. Pruszków – 440,000 sq m
4. Mszczonów – 460,000 sq m
5. Teresin – 440,000 sq m

Economic Context

• Population: 5.5 million
• Voivodeship Area: 35,559 sq km
• Average Monthly Salary (Enterprise Sector): PLN 11,500 (gross)
• Unemployment Rate: 4.5%
• Average Monthly Salary (Transportation and Storage Sector): PLN 9,100 (gross)

Infrastructure

Warsaw is well-connected by high-speed roads, including:

• A2 Highway: 80 km
• Expressways: S2, S7, S8, S17, S61 (total of 500 km)

This infrastructure supports the logistics and industrial activity in the region, enhancing its attractiveness for businesses.

Major Developments

• Largest Completions (Q1 2026):

  • CTPark Emilianów: 53,600 sq m
  • Marq Warsaw VI Logistics Centre: 37,400 sq m
  • MLP Pruszków II: 24,100 sq m

• Largest Project Under Construction: Hillwood S8 Warsaw South – 58,800 sq m, scheduled for completion in Q2 2026.

Demand Drivers

Lease renewals were the dominant source of demand, accounting for 63% of total take-up. New leases made up 25%, and expansions accounted for 13%.

Contact Information

For more information or to access Knight Frank’s research reports, please contact:

• Phone: +48 22 596 50 50
• Website: www.KnightFrank.com.pl

Research Team

Knight Frank Poland has a comprehensive research team that provides:

• Strategic consulting and independent forecasts
• Market reports and analysis for the public
• Tailored presentations and reports for clients

Reports are produced quarterly and cover all sectors of the commercial market, including office, retail, industrial, hotel, and PRS in major Polish cities and regions such as Warsaw, Kraków, Łódź, Poznań, Silesia, Tricity, Wrocław, Lublin, Szczecin.

Disclaimer

This report is for general information only and should not be relied upon for decision-making. Knight Frank disclaims all responsibility or liability for any loss or damage resulting from the use or reliance on the contents of this document. Reproduction of the report is not allowed without prior written approval.