Continued strong leasing activity in warehouse sector – report

The demand for logistics and industrial space in Poland remained at a very high level in Q3 2017 with 128 lease agreements for a total of 723,000 sqm having been signed in the country in the period, according to the latest report by Cushman & Wakefield. This means that in the first three quarters of the year, a combined more than 2.5 million sqm was taken up in the Polish market, a 15% increase y/y. In Q3, the most logistics and industrial space was leased in Silesia (126,000 sqm), locations around Warsaw (121,000 sqm) and central Poland (120,000 sqm). The most active tenants included logistics operators (who accounted for 45% of the total lease transaction volume) and retail chains (11%).