Industrial space supply 10% up in H1 2017 - Colliers

The supply of industrial space stood at almost 793,000 sqm in H1 2017. It was over 10 percent more than in H1 2016 when the level of supply amounted to 659,000 sqm. As a result, total stock in Poland exceeded 12 million sqm, according to a report by Colliers International. The largest industrial investments include: BTS – type project for Kaufland (45,600 sqm) and Carrefour (38,000 sqm) In Bydgoszcz as well as further development of Prologis Park Piotrowski II (42,100 sqm).  At the end of Q2, 1.6 million sqm of industrial space was under construction in Poland. Also, the demand for industrial space has increased significantly.  Over the past six months 250 agreements were signed which covered nearly 1.9 million sqm of leased space, 36 percent more than in H1 2016.  Developers were most active in the Warsaw, Toruń and Poznań market, which constituted 43 percent of total industrial real estate market in Poland.