Warehouse market in Poland
The international consulting company Cushman & Wakefield has published a full version of the Marketbeat report summarizing the warehouse space market in Poland after the first half of 2019. The warehouse market in Poland remains in a very good condition, as evidenced by the record level of supply recorded in the first half of the year, continuation of high tenant activity and low vacancy rate.
At the end of June 2019, the total resources of modern warehouse space in Poland reached 16.89 million sq m, which gives an increase of 18% on an annual basis and 7% compared to the end of 2018. Good economic conditions, further improvement of transport infrastructure and development of the e-commerce industry are the main factors contributing to maintaining the dynamic pace of development of the warehouse market, which has been observed in Poland for over 5 years.
In the first half of 2019, developers completed 47 projects with a total area of 1.09 million sq m, which is a record level of supply recorded in the first six months of the year.
source: Builder, October 2019