At the end of the first quarter of 2020, the total supply of modern warehouse space in Poland exceeded the level of 19 million sqm. The Warsaw market maintained its leading position and accounted for nearly 23 percent of the total supply in the country (4.3 million sqm).
In the first quarter of the year, approximately 428,100 sqm of new industrial space was delivered to the market. The largest new project is the central warehouse built for PepsiCo in Mszczonów by developer P3 (58,500 sqm).
“The agreements signed in the first quarter of 2020 involved mostly companies from retail (30 percent) and 3PL (28 percent) sector. One of the major transactions was the lase of 67,000 sqm by a company from the retail sector, for which the BTS project will be delivered by Panattoni in Czeladź,” Agnieszka Bogucka, analyst, Research and Consultancy Services at Colliers International, said.