The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing the warehouse market in Poland for Q2 2023. The data is sourced from advisory companies from the commercial real estate sector (Axi Immo, BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, Knight Frank, Newmark Polska, Savills) and includes information on modern warehouse stock, new completions, space under construction, take-up and vacancy levels.
- At the end of Q2 2023, total modern industrial and logistics stock reached over 30.6 million sqm, with the largest markets being the Mazowieckie Voivodeship (6.27 million sqm), the Śląskie Voivodeship (5.271 million sqm) and the Łódzkie Voivodeship (4.326 million sqm).
- Approximately 692,000 sqm of modern warehouse space was delivered to the market in Q2 2023. The highest level of new completions was recorded in Śląskie (158,000 sqm), Mazowieckie (132.5,000 sqm) and Lubuskie (108,000 sqm). New supply in H1 2023 overall reached approx. 2.596 million sqm.
- Nationwide, 2.126 million sqm of modern warehouse space was under construction at the end of June 2023. The Mazowieckie Voivodeship accounted for the highest share of this total (approx. 21.1%), followed by Łódzkie (17.7%) and Dolnośląskie (11.9%).
- The vacancy level reached 6.73% at the end of Q2 2023, which marks a 31 bps increase quarter-on-quarter and a 335 bps rise year-on-year. The highest vacancy was recorded in Świętokrzyskie (12.8%), followed by Lubuskie (10.6%) and Lubelskie (9.1%). The lowest share of available space was meanwhile recorded in Warmińsko-Mazurskie (0.4%), Małopolskie (1.2%) and Pomorskie (1.5%).
- Gross take-up in the logistics and industrial market reached nearly 1.04 million sqm in Q2 2023, with Mazowieckie enjoying the highest demand (289,000 sqm leased), followed by Śląskie (approx. 167,000 sqm) and Dolnośląskie (nearly 135,000 sqm). Total gross take-up in H1 2023 stood at 2.24 million sqm.
- New leases (including BTS agreements) and expansions accounted for the highest share of gross take-up in Q2 2023 – jointly nearly 66%. Renewals of existing leases accounted for approx. 34% of take-up.