Number of warehouses under construction to be all-time highest

The warehouse space market is the fastest-growing commercial real estate market in Poland. Colliers data shows that at the end of Q3 2021 its stock reached the level of 22.6 million sqm. Currently, over 3.6 million sqm of space is under construction – the biggest number in the history of the market.

“The greatest activity of investors in the warehouse market can be observed in Warsaw, which covers almost a quarter of the total warehouse stock in Poland. The most dynamically developing regions are Upper Silesia and Wrocław (Lower Silesia), where,600,000 sqm and 500,000 sqm are under construction, respectively,” Dominika Jędrak, Director of the Advisory and Market Research Department, Colliers, said.

As the volume of new supply increases, the vacancy rate decreases. At the end of Q3 2021, it reached the level of 4.9 percent, which means a decrease of 3.3 percentage points compared to the same period last year and by 0.7 percentage points compared to the first half of 2021.

(WBJ)