Over 850,000 sqm of industrial space delivered in Q1 '24.

The Polish Chamber of Commercial Real Estate (PINK) released aggregated data on the warehouse and industrial market in Poland for Q1 2024. By the end of March 2024, the market reached over 32.7 million square meters, with the largest supplies in the Mazowieckie (6.67 million sqm), Śląskie (5.51 million sqm), and Łódzkie (4.54 million sqm) regions.

Over 852,100 sqm of new space was delivered, with the most in Dolnośląskie (272,000 sqm), Pomorskie (167,000 sqm), and Wielkopolskie (159,900 sqm). Developer activity stood at 2.32 million sqm, led by Dolnośląskie (30%), Łódzkie (17%), and Mazowieckie (16%).

The vacancy rate was 8.2%, highest in Świętokrzyskie (15.9%), and lowest in Podkarpackie (1.8%). Gross demand was nearly 871,900 sqm, with Mazowieckie, Łódzkie, and Wielkopolskie being the most sought after. New leases accounted for 58% of demand. 

(WBJ)