Demand for warehouses will remain strong, while the supply will slow down - CBRE

Commercial real estate services and investment firm CBRE expects high demand for warehouses in Poland to continue in the coming years, although it will not be generated less by e-commerce and more by other sectors, such as production or automotive. The new space will grow at a slower pace, which will be affected by the shortage of building materials and employees, the company warned.

In the first half of 2022, warehouse space in Poland increased by 20% and exceeded 26.1 million square meters. As many as 4.4 million square meters are under construction, almost half of which are already leased. The vacancy rate is at a record low of 3.2%.

CBRE noted that issues with land availability and prices remain a challenge. “Like other sectors, the warehouse market is struggling with global problems such as supply chain disruptions, high inflation, and rising construction costs,” it said.

(PAP)