The amount of warehouse space under construction has fallen to its lowest level since 2017. In Q2 2026, construction began on 402,000 sqm of new projects, while a total of 1.3 million sqm is currently under development, according to the latest CBRE data. At the same time, demand for new warehouse space is increasing. The logistics sector remains the most active, accounting for nearly half of total demand, followed by retail and manufacturing.

The number of new warehouse projects is continuing to decline. In Q2 2026, projects totaling 402,000 sqm were launched. The amount of warehouse space under construction now stands at 1.3 million sqm, the lowest level since 2017, with more than 60% already secured by lease agreements.

During the past quarter, 578,000 sqm of new warehouse space was delivered across 20 projects, 73% of which has already been leased.

Construction slows, demand remains strong

Warehouse demand has shown signs of renewed momentum. In Q2 2026, total take-up reached 1.93 million sqm, a significant increase from 1.58 million sqm leased during the first three months of the year.

In Q2, logistics, distribution and transportation accounted for the largest share of leased space at 46%, followed by retail at 27% and manufacturing at 18%.

“Companies are looking for cost-efficient facilities that are automation-ready, meet ESG requirements and provide a stable power supply. Building standards, adaptability and infrastructure are key. Tenant activity in the warehouse market is currently driven largely by new leases, including relocations. In H1 2026, these accounted for 52% of all leased space. Renegotiations represented 40% of demand, while expansions accounted for 8%,” says Michał Śniadała, Head of Industrial and Logistics at CBRE.

Vacancy rate falls significantly

The vacancy rate declined to 6.6% in Q2 2026, from 7.3% in Q1. Significant decreases were recorded particularly in the Lubuskie, Dolnośląskie and Wielkopolskie voivodeships, where vacancy rates stood at 8.4%, 6.2% and 6.1%, respectively.

In Śląskie, the vacancy rate reached 7.3%, while in Mazowieckie it stood at 7.6%, an increase of 1.8 percentage points. This rise was largely due to the completion of several speculative developments built without pre-committed tenants that have not yet been fully leased. The lowest vacancy rate was recorded in Łódzkie, at 5.4%.

“With a limited number of new developments and growing demand for warehouse space, the availability of vacant space is likely to decline gradually in the coming months. In addition, most newly developed facilities are already secured by lease agreements, meaning that less immediately available space is coming onto the market. As a result, finding suitable warehouse space may become increasingly difficult, particularly in the most attractive locations,” Śniadała adds.

(Press Materials)