Developers preparing new projects in warehouse market

According to Tomasz Mika, Senior Director at JLL, we can be optimistic about the coming months.

"Poland is the European forefront, and the coming months will prove it," Tomasz Mika said.

As he admitted in an interview with the Magazyny.pl portal, tenants and developers are planning new investments, and new players interested in the warehouse sector appear on the market.

"The total stock of modern warehouse space in Poland reached over 20 million sqm at the end of December. Over 2 million sqm of new warehouse space was delivered to the market throughout the year. This is a result comparable to previous years. The size of the space under construction remains at a good level. At the end of 2020, another 1.9 million sqm was built, which is similar to the end of 2019. Over 30 percent of the resulting space was not secured by lease contracts," Tomasz Mika added.

In his opinion, positive trends should continue and we can expect that more projects will be under construction soon, which will also probably be put into operation later this year or at the beginning of 2022.

“I suppose that the increase in new supply will be as good as in previous years and it will likely exceed 2 million sqm. We are also talking to developers about their plans. On the one hand, they respond to the needs of tenants, but on the other hand, they seriously consider speculative investments. Tenants should have a lot to choose from when it comes to an offer that is available immediately," Tomasz Mika emphasized.

(WBJ)