New trends in industrial real estate
The report reveals that although currently, there is approximately 1.2 million sqm of modern industrial space in Poland, an additional 4 million are planned to be developed as soon as actual demand from tenants arises.
Most of the modern industrial space in Poland is located in the region around Warsaw, the capital city being the center for business and the most dynamically developing area in Poland. Warsaw still dominates the market in terms of supply of modern industrial facilities with approximately 950,000 sqm of warehouse space that complies with international storage standards.
At the same time, Colliers points out that other regions of Poland are currently developing as industrial centers, especially Katowice, Wrocław, Poznań and Łódź. Some of them, like Wrocław, are well-known to be very investor friendly.
Łódź in particular seems to benefit from its location where all the country's main routes cross, while proximity to Warsaw makes it an excellent warehousing area for the capital city. Gdańsk has also recently started to attract industrial developers and its deep-sea container port is an example of a huge foreign logistics investment.
Build-to-suit (BTS) projects continue to dominate the Polish industrial market. As a result, there are virtually no vacancies outside Warsaw. The recent trend has been for developers to secure the land for an investment, prepare the construction works, obtain the necessary permits and wait for a potential tenant. As soon as a tenant is seriously interested in a particular location, the building can be developed within 3-4 months.
"Vacancy rates in the world of industrial developments will become meaningless," said Hadley Dean, head of Colliers Polska. "There is no reason for the developers to incur the costs of construction, waiting for tenants."
Colliers have noted, however, the first speculative warehouse investments on the market, Grontmij's warehouse in Gądki being an example. Another developing trend in warehousing is landbanking- securing substantial plots of land and waiting with their development until suitable tenants appear.
Although Poland's ailing infrastructure is often the number one complaint, experts also see it as an asset. Without the possibility of one-day deliveries from the Czech Republic or Slovakia, multinationals have to invest in storage space in Poland directly. At the same time, many companies are becoming more aware of other options that can help to deal with the shortcomings of the local road system. According to Colliers' experts, many clients have increasingly been asking for rail access to be available near the warehouses and the trend for products such as wood, coal and steel to be transported by rail will continue well into the future.
(M.L.)
Most of the modern industrial space in Poland is located in the region around Warsaw, the capital city being the center for business and the most dynamically developing area in Poland. Warsaw still dominates the market in terms of supply of modern industrial facilities with approximately 950,000 sqm of warehouse space that complies with international storage standards.
At the same time, Colliers points out that other regions of Poland are currently developing as industrial centers, especially Katowice, Wrocław, Poznań and Łódź. Some of them, like Wrocław, are well-known to be very investor friendly.
Łódź in particular seems to benefit from its location where all the country's main routes cross, while proximity to Warsaw makes it an excellent warehousing area for the capital city. Gdańsk has also recently started to attract industrial developers and its deep-sea container port is an example of a huge foreign logistics investment.
Build-to-suit (BTS) projects continue to dominate the Polish industrial market. As a result, there are virtually no vacancies outside Warsaw. The recent trend has been for developers to secure the land for an investment, prepare the construction works, obtain the necessary permits and wait for a potential tenant. As soon as a tenant is seriously interested in a particular location, the building can be developed within 3-4 months.
"Vacancy rates in the world of industrial developments will become meaningless," said Hadley Dean, head of Colliers Polska. "There is no reason for the developers to incur the costs of construction, waiting for tenants."
Colliers have noted, however, the first speculative warehouse investments on the market, Grontmij's warehouse in Gądki being an example. Another developing trend in warehousing is landbanking- securing substantial plots of land and waiting with their development until suitable tenants appear.
Although Poland's ailing infrastructure is often the number one complaint, experts also see it as an asset. Without the possibility of one-day deliveries from the Czech Republic or Slovakia, multinationals have to invest in storage space in Poland directly. At the same time, many companies are becoming more aware of other options that can help to deal with the shortcomings of the local road system. According to Colliers' experts, many clients have increasingly been asking for rail access to be available near the warehouses and the trend for products such as wood, coal and steel to be transported by rail will continue well into the future.
(M.L.)
