February 26, 2018
Warehouse and Industrial Market in Poland in 2017
For the first time in history demand in single region has exceeded over 1 million sq m. Poland wide record high gross take-up at 4.3 million sq m was observed. Never before during 12 months so many new developments have been added to the market. New supply reached 2.4 million sq m. These are main figures describing warehouse and industrial market in Poland in 2017 summarised by Savills.
- Total supply of modern warehouse and industrial space in Poland at the end of 2017 stood at nearly 13.5 million sq m.
- The largest markets are: Warsaw (3.7 million sq m), Upper Silesia (2.4 million sq m), Poznań (1.9 million sq m), Central Poland (1.7 million sq m) and Wrocław (1.5 million sq m).
- In 2017 almost 2.4 million sq m of modern space was delivered to the market, over twice the volume observed in previous year.
- Currently over 1.4 million sq m of space Poland wide is under construction, of which only 1/3 is being developed speculatively.
- Gross demand in 2017 reached ca. 4.3 million sq m, an increase of nearly 33% year-on-year.
- Net absorption in 2017 doubled when compared with 2016 and reached 2.3 million sq m.
- The vacancy rate decreased by 30 bps y-o-y to 5.4%. The highest rate was noted in Kraków (11.4%), whereas the lowest one in Central Poland and was close to 0%.
- Third-party logistics and retail, both traditional and e-commerce, created ca. 60% of demand for warehouse and industrial space across the country.
- Base rents range between EUR 2.60 sq m/month and EUR 4.00 sq m/month in case of BIG BOX units. Rents for SBU in Warsaw may reach even EUR 5.25 sq m/month.
- Effective rents range between EUR 2.00 sq m/month and EUR 3.40 sq m/month in case of BIG BOX units and up to EUR 4.80 sq m/months for SBU.
