Over 30 percent rise in demand for warehouse space in Q1 - C&W

Polish warehouse space market recorded a 32 percent yearly increase in demand in the first quarter, totaling 600,000 sqm, according to data released in a report by Cushman & Wakefield consulting company. This year looks set to be another prosperous year," the firm predicts. Total warehouse stock exceeded 9,112,000 sqm. The vacancy rate at the end of the first quarter decreased to 6.3 percent, which corresponds to 574,000 sqm of available warehouse space. "At the end of the first quarter of 2015, some 615,000 sqm of modern warehouse space was under construction, which points to healthy development activity, with the region of Wrocław, Upper Silesia and Poznań recording the highest levels of activity," said Tom Listowski, Partner, Head of Industrial Department & CEE Corporate Relations, Cushman & Wakefield. What is more, modern Class-A warehouse parks were also under construction in Lublin, Szczecin, Rzeszów, Toruń, the report also read.