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:

INA expands petrol station network in Montenegro
Croatian-based multinational oil company INA is expanding in Montenegro after buying five  »
Hifa Oil opens first gas station in Montenegro
Bosnia’s Hifa Oil has officially entered Montenegro, with the opening of its first gas s  »
Almost 2 million sq m of new commercial properties announced for 2019 in Romania
The local real estate market is expected to register almost 2 million sq m of new commerci  »
Tesco SSC increases number of employees in Hungary
Tesco will increase the number of employees at its shared service center in Budapest. The  »
The real estate development and construction group T.E has established its own fund of qua   »
For many years, it seemed that investors didn’t know what to do with the old building of   »
It’s not uncommon at the peak of an economic boom to see new companies being founded, bu   »
After winning a prize at the MIPIM awards in Cannes, France, the Belgianbased developer Im   »