Supply gap in dormitories is winding up market

Poland’s student housing market shows sharp regional contrasts. In Warsaw, supply covers only around 10% of demand for dormitory beds, creating a major gap, while Kraków faces rapid growth and potential market saturation. According to Marcin Golly, Investment Director at IAM, dormitories are a low-vacancy, low-risk asset, attracting investors, though many wrongly assume any property can be converted into one — location and design remain key.
Foreign investors prefer euro-denominated rents due to cheaper financing, but most Polish tenants pay in złotys. IAM operates three premium SHED-branded dorms in Warsaw and Kraków, offering over 1,100 beds for wealthier students (above PLN 2,000/month). Warsaw’s unmet demand and stable occupancy make the sector highly attractive for new investment.