Real estate Warehouse & logistics
C&W: We are facing another very good year on warehouse market
21:37
“Considering the number of currently implemented and planned projects, we can be sure that 2020 will be another very good year on the Polish warehouse market,” Joanna Sinkiewicz, Partner, Director of the Industrial and Logistics Department at Cushman & Wakefield, ensured.
“Given the net demand, C&W estimates that in 2019 it will reach the level of about 2.5 million sqm, i.e. approx. 15 percent. less than a year ago. Still, it is definitely more than the average from 2014-2016 by about 20 percent,” Joanna Sinkiewicz said.
She explained that the decline is caused by a smaller number of very large projects (over 60,000 sqm). “The year 2019 absolutely records when it comes to the supply of new warehouse space. Approximately 2.6 million sqm will be delivered this year, which is 14 percent total resources that we will list at the end of this year,” she added. This is a natural consequence of the excellent demand-side results in the previous 2018.
