Colliers International sums up H1 2020 in warehouse market

Covid-19 pandemic did not slow down the development of the warehouse market in Poland. In the first half of 2020, developers completed investments with a total area of ​​approximately 1.06 million sqm, which was a result similar to that achieved in the same period last year (1.09 million sqm). Thus, the resources of modern warehouse space in Poland increased to the level of 19.65 million sqm.

Developer activity in 2020 continued to be high. At the end of June this year over 1.9 million sqm of warehouse space was under construction. The areas for further planned investments were also secured (incl. Panattoni purchased 14.8 ha of land in Central Poland). The interest of tenants was also growing. The total volume of transactions amounted to 2.48 million sqm, which is an increase of 28.6 percent compared to the same period last year.

"The Polish market of modern warehouse space remains attractive for investors and developers, and thus continues to develop dynamically. This is the area which, among other commercial real estate markets in Poland, has suffered the least from the negative effects of the global Covid-19 pandemic,” Dominika Jędrak, director of the Advisory and Market Research Department at Colliers International, commented.

(WBJ)