Fresh figures published for the Polish industrial market

At the end of 2016 industrial stock in the whole Warsaw market, divided into three zones, totals 3.1 million sqm. Zone I, totaling almost 570,000 sqm, is concentrated mainly in former industrial areas of Warsaw (Ursus and Żerań) and around Chopin Airport. In 2016 two buildings within Ideal Idea Park IV totaling approximately 7,700 sqm were delivered here. Currently another two building within Ideal Idea Park IV (7,700 sqm) and next Diamond Business Park Ursus building (14,600 sqm) remain under construction. The vacancy rate decreased compared to the same period in 2015 and at the end of 2016 it stood at 6.8%. In the last year 71 agreements totaling 130,000 sqm were signed. The majority of them were new deals (61%). 

 

Warsaw Zones II & III 

Zones II and III cover an area of 15-30 km and 30-60 km respectively from the city centre. Industrial space in Zone II contributes over 66% of the total industrial stock existing in the Warsaw market (2.05 million sqm). Over 15% of Warsaw industrial supply is located in Zone III (489,000 sqm). The largest concentration of warehouse space exists around Błonie and Pruszków. In 2016, after delivering 14 buildings, the supply in Zone II increased by 218,900 sqm and 15,600 sqm in Zone III. Currently 11 industrial projects with a total space of approximately 289,800 sqm remain under construction out of which 11 are located in Zone II. In 2016 in both Zones II and III about 766,900 sqm of industrial space was leased. In Zone II the majority of demand was created by new agreements (68%), and renegotiatons in Zone III (77%). 

 

The largest concentration of warehouse space exists around Gliwice, Sosnowiec and Tychy. During 2016 the supply of modern industrial space in the Silesian market increased by approximately 228,100 sqm. Total current stock stood at 2.01 million sqm. Fourteen new industrial objects were delivered to the market and seven new projects are under construction. The vacancy rate remained on stable level and totaled 5.5% at the end of 2016. In the last year 

in Upper Silesia another record-breaking volume of transactions was recorded - 75 agreements totaling 538,300 sqm were signed. 

 

The largest concentration of warehouse space exists around Stryków (next to the intersection of the A1/A2 motorways) and in the industrial district of Łódź - Widzew. In 2016 eight warehouses within six projects totaling 172,400 sqm were delivered to the market. Three warehouses are under construction (78,000 sqm). The vacancy rate decreased compared to the same period in 2015 and at the end of 2016 the rate stood at 2%. In the last year 350,000 sqm were leased. Effective rental rates for modern warehouse space in Central Poland remained stable throughout the year. 

 

The largest concentration of warehouse space exists around Zerniki and Gadki and in the surroundings of Tarnów Podgórny, Swarzędz as well as Komorniki. In 2016, the Poznań market, compared with other regional cities, was characterised by the highest level of activity among developers. 9 industrial projects totaling 206,400 sqm were delivered to the market (including speculative Goodman warehouse). As a result, the vacancy rate increased compared to the same period in 2015 by 5.3% to the level of 7.3% at the end of 2016. Poznań has still remained on the top of markets with the largest amount of space being under construction - 10 buildings totaling 214,500 sqm. The demand has also sustained at the high level – in 2016 285,500 sqm were leased within 44 agreements. 

 

The largest concentration of warehouse space exists around Bielany Wrocławskie and Nowa Wieś Wrocławska. During 2016, the supply of modern industrial space in the Wrocław region increased by 129,000 sqm, when 6 projects were delivered to the market. The total industrial stock amounts to 1.4 million sqm. 6 warehouses totaling 95,500 sqm are under construction. Demand for industrial space in Wrocław market increased by over 100,000 sqm compared to result noted in previous year. 51 agreements were signed. 

 

The largest concentration of warehouse space exists around Kowale, Pruszcz Gdański and Gdańsk airport. 4 industrial projects totaling approximately 61,000 sqm were delivered to the market. Currently, the total industrial stock amounts to 376,900 sqm. 3 warehouses totaling 57,000 sqm are under construction. 109,200 sqm were leased in the last year. 

 

The largest concentration of warehouse projects exists around the Rybitwy area in the Kraków XIII district-Podgórze. Currently, the total industrial stock amounts to 247,000 sqm. 3 new warehouses were delivered to the market in 2016 and two more are under construction. The vacancy rate significantly increased compared to the same period in 2015 by 7.9% and at the end of 2016 stood at 9.9%. This growth is caused mostly by delivering to the market in Q3 two new buildings totaling over 18,000 sqm, which are still not fully commercialized. In the last year developers leased 85,000 sqm in Kraków. The market remains the most expensive just after Warsaw Zone I due to the high price of investment land.

 

The largest concentration of warehouse space exists next to the borders of the cities near main traffic arteries. Total stock in the market amounts 174,500 sqm of modern industrial and logistics space. In the last year 4 projects within Panattoni Park Bydgoszcz were completed and 4 new are under construction. The vacancy rate has noted another decrease, to 1%, which is currently the lowest in Poland. In 2016, the level of demand in the Bydgoszcz and Torun market was nearly 2 times higher than in 2015 – 131,000 were leased within 44 agreements. 

 

Existing industrial parks are situated on the city’s outskirts, next to the the S3 expressway, which leads to the airport in Goleniów. In 2016, the industrial stock in the Szczecin market increased by over 43,400 sqm within 4 buildings. It is less than in the previous year, however worth noticing is the amount of space being under construction – over 313,000 sqm, what totals for the second highest result among the biggest Polish markets. The vacancy rate at the end of December 2016 stood at 3%. In 2016 in Szczecin developers leased 350,000 sqm (three times higher than that recorded in the previous year), out of which over 290,000 sqm took Amazon and Zalando. 

 

Salaries of managers in the logistics and manufacturing industry are characterized by ca. 37% differentiation between the lower and upper quartile. Voivodeships offering the highest salary to this type of employees are the Pomorskie, Dolnośląskie and Wielkopolskie. The lowest salaries are offered to managers by companies from the Kujawsko-Pomorskie and Zachodniopomorskie Voivodeships. This is probably due to the lower level of industrialization of these regions. Factors influencing salary amount in the manufacturing industry in the analyzed regions may include the level of company development, among others. In the case of the logistics industry, salaries depend mainly on a region’s characteristics – highest salaries can be expected by those employed at companies located closest to the best-developed logistics infrastructure – seaports and airports and also well-organized land route connections (e.g. Mazowieckie, Śląskie or Wielkopolskie Voivodeships).