The epidemic increased interest in online shopping, and the interruption in brick-and-mortar trade and uncertainty about product deliveries prompted companies to secure more space. As a result, the demand for warehouse space increased. In the first half of 2020 as much as 2.43 million sqm was leased. This is a record number, 25 percent more than in the same period last year and 6 percent more than in the most intense half-year so far in 2018, as indicated in the latest CBRE report ‘Warehouse space market in Poland’. We currently have a total of 19.5 million sqm of modern industrial and logistics space in the country, and forecasts indicate that by the end of the year we will exceed 20 million sqm.
“Contrary to fears, the results for the first half of the year on the warehouse market turned out to be very good. Agreements are still being signed, and their number in the first half of the year was greater than in the previous years. We see strong interest of clients in the e-commerce industry, but also of production companies from various sectors. It can be said that there is no virus in the warehouses and logistics. Developers are more cautious when starting new warehouse investments. They still secure plots of land in these proven and less popular locations, but the start of construction is more dependent on finding a tenant,” Beata Hryniewska, head of the Warehouse and Logistics Department at CBRE, said.