Poland’s warehouse property market put up a record performance in 2017 with both supply and demand levels having reached new highs in the period, according to the latest report by Colliers International. Developers completed over 2.3 million sqm of new space last year, while tenants signed lease agreements for a total of nearly 4.6 million sqm, the study said.
The most new space was delivered in the Warsaw area (460,000 sqm) and Silesia (408,000 sqm). The Warsaw area was also the leader in terms of demand with tenants having leased over one million sqm there in 2017. A similar amount of space was taken up in central Poland (which includes the Łódź area), while the volume in Silesia amounted to almost 940,000 sqm.
Over 1.3 million sqm of industrial space is now under construction across the country, of which the most is being developed in Silesia (398,000 sqm), central Poland (240,000 sqm) and the Warsaw area (227,000 sqm). Colliers International experts predict that smaller warehouse markets including Białystok and Kielce will see further development this year.