Poland is the largest and most liquid logistics market in Central and Eastern Europe, with modern stock above 33 million sqm and prime yields between 6.00% and 6.75%. Warsaw, Upper Silesia, Central Poland and the Poznań corridor absorb the majority of institutional capital, driven by nearshoring, German export demand and a deep 3PL occupier base.
Poland has become the industrial engine of Central Europe. Modern warehouse stock has grown from roughly 10 million sqm in 2015 to above 33 million sqm today, and the country now sits inside the top-three European logistics markets by take-up. The demand story combines domestic consumption, nearshoring of manufacturing, and German exporters using Poland as an extended production base.
According to Colliers' Polish Industrial & Logistics research, Polish industrial take-up has consistently exceeded 5 million sqm per year since 2021, with vacancy anchored at single digits across Tier 1 sub-markets.
Leases are typically 5 to 7 years, in EUR, with either fixed or CPI-linked indexation. Institutional Tier 1 3PL and manufacturing covenants dominate the top of the market. Fitted-out speculative units in Tier 1 corridors typically pre-let within 3–6 months of completion.
Poland is the primary beneficiary of European nearshoring flows. We cover this in depth in the nearshoring and European industrial article — the short version is that manufacturing take-up now represents a growing share of Polish industrial demand, which underwrites rental growth in Tier 1 sub-markets through 2027.
For cross-border investors, the two efficient entry routes are (1) single-asset acquisitions in the €5M–€30M band via off-market channels, or (2) programmatic forward-funding partnerships with a local developer. Our investor deal pipeline lists live Polish mandates when available.
Prime Polish logistics yields sit between 6.00% and 6.75% across Warsaw, Upper Silesia, Central Poland, Poznań and Wrocław. Regional Grade A distribution assets trade at 7.00%–7.75%, and value-add stock closer to 8.00%–9.50%.
Warsaw leads on absolute take-up for e-commerce and consumer fulfilment. Upper Silesia and Central Poland are the largest big-box distribution corridors. Poznań and Wrocław are the strongest nearshoring beneficiaries thanks to their western export orientation.
Yes. Almost all institutional-grade Polish logistics leases are denominated in EUR with either fixed annual uplifts or CPI indexation. This removes most FX risk for euro-denominated investors and simplifies cross-border underwriting.
Single-asset trades typically clear between €5M and €30M in the mid-market, with larger portfolio and pre-let transactions running into the hundreds of millions. Off-market single-asset trades in the €5M–€20M range are the most efficient entry route for private capital.