Poland is doing well in the European warehouse race

Despite the record-high amount of space under construction, new supply on the warehouse market in our country is not keeping up with the ever-growing demand. The lease volume recorded in the first half of this year was three times larger than the amount of the commissioned space. The largest number of warehouses appeared in Upper Silesia, Warsaw, and the Tri-City.

The amount of warehouse space under construction is similar to the level of lease recorded in the first 6 months of this year. In the second quarter, the warehouse space under construction increased by a third compared to the previous quarter. According to Walter Herz, most logistics facilities remain in Upper Silesia, in Western Poland, and Poznań. A total of over 1.5 million sq m. of space is under construction in these three regions. The scale of the increase in warehouse resources ranks Poland second in Europe, after Germany.

The group of investors active on our market in the warehouse sector is also growing. Recently, Scandinavian fund NREP started its expansion in Poland, finalizing the purchase of a logistics portfolio of 130,000 sqm of space and planning activities in the segment of warehouses and apartments. LCube company, after starting the investment in Jasionka near Rzeszow, recently launched its second warehouse project near Wroclaw.

(WBJ)