Polish warehouse take-up topes 1.7 million sqm in H1

Polish warehouse take-up topes 1.7 million sqm in H1

Published at: 2017-09-12 10:35 | Author: CIJEurope.com
Warehouse supply in Poland totaled 707,000 sqm, while take-up hit a record high of 1.786 million sqm in the first half of 2017, according to a C&W report. Poland’s total warehouse stock stood at nearly 11.8 million sqm at the end of June. Most of the 707,000 sqm supply was delivered in Bydgoszcz-Toruń (113,000 sqm), Poznań (112,000 sqm) and central Poland (91,000 sqm). There is currently 1.665 million sqm under construction, of which 77 percent has secured pre-leases.
“Several factors have contributed to the outstanding performance of the Polish logistics market, including Poland’s strong economic growth, rising retail sales, competitive labor market, the expansion of the country’s road network and the large availability of development sites,” said Adrian Semaan, consultant with the industrial and logistics agency at C&W. “New infrastructure improvements are paving the way for the warehouse market to expand beyond the core agglomerations, best illustrated by the growing developer activity in Szczecin, Bydgoszcz-Toruń, western Poland, Lublin and Rzeszów.”

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