In the third quarter of 2018, the Polish warehouse market was bolstered by 683,400 sqm of new supply. At the end of September, storage space in Poland exceeded 15 million sqm, which means that in the last 5 years the total surface volume has doubled. Almost 2 million sqm remains under construction, of which more than 25% in Central Poland.
The most dynamically developing region, just after Warsaw and Upper Silesia is Central Poland. This is where the next stage of the Panattoni Central European Logistics Hub, which is being built in Łódź, was completed at the end of September. It was the largest industrial and warehouse facility completed in the past quarter (74,000 sqm). Thanks to this, the supply in Central Poland at the end of the third quarter was in excess of 2 million sqm.
It is also worth paying attention to the eastern regions of Poland (Lublin and Białystok), where in the last quarter a total of 75,000 sqm of modern industrial and warehouse space was delivered.
In the third quarter, the vacancy rate in Poland for industrial space increased slightly, reaching 4.5%. The largest amount of vacant space was recorded in Warsaw (zone I) and the eastern region (11.4%).
“This is a significant increase compared to the previous quarter, where the vacancy rate along Poland’s eastern flank was among the lowest in the country in Q11 2018 at 2.5%. This is mainly due to the fact that some of the space put into use recently has not yet been absorbed by the market,” says Tomasz Kasperowicz, senior partner and director of the Logistics and Industrial Space Department at Colliers International.
