Poland’s industrial market leases 3.7 million sqm in 2018

Poland’s industrial market leases 3.7 million sqm in 2018

Published at: 2019-02-18 09:41 | Author: CIJEurope.com
The volume of leased floor space on Poland’s industrial market totaled 3.7 million sqm in 2018, according to JLL. The market grew by an additional 2 million sqm, while nearly 2 million sqm of space is currently under construction. Last year also saw a record-breaking total for industrial investment transactions, worth €1.84bn.“The Polish industrial market once again came in with an excellent performance in 2018, giving investors cause for optimism for 2019. Total demand of 960,000 sqm transacted in Q4 boosted the annual volume of leased floor space to 3.7 million sqm, the second best result in the sector's history,” said Tomasz Mika, head of industrial at JLL Poland. “Net demand, not taking into account renewals, totaled 2.9 million sqm. A significant amount of new demand in 2018 was concentrated in the three largest markets, namely Warsaw, Upper Silesia and central Poland, with a total of over 1.5 million sqm of space transacted in the three locations.”

Similar Stories:

IMF to open regional office in Vienna
The International Monetary Fund will open a regional office in Vienna to strengthen relati  »
Slovenian bus company Nomago expands in Europe
The Slovenian bus line Nomago will be expanding its InterCity service to seven new Europea  »
Tele2 sells Croatia operations to United Group
The Swedish company Tele2 AB has sold its Croatian business to United Group, with the tran  »
Representatives of Svoboda & Williams Met With a Delegation of the International Monetary Fund
In early May, representatives of the Svoboda & Williams real estate agency met with a  »
Is it a priority for you to strengthen your teams in all areas or do you think it’s bett   »
How was 2018 for you? Have you been able to take full advantage of these strong economic t   »
Why has it taken so long for development of the central western portion of Bucharest to be   »
Where do you see your company going over the next two years? We are staying true to the   »