The third quarter in the warehouse market in Poland brought a moderately positive mood among tenants and developers. Despite the turmoil related to the Covid-19 pandemic, the market remains stable, according to data from the consulting company JLL.
Until the end of September, we were the second most active market in Europe in terms of net demand and the amount of space commissioned. The record was broken by investments in warehouses – in the period from January to November the value of transactions amounted to approx. €2.2 billion.
According to JLL, this is the best result in the history of the market, even if compared to the scale of the entire year.
"Gross demand at the end of the third quarter reached a solid result of 3.4 million sqm," Tomasz Mika, director of the JLL Warehouse and Industrial Department in Poland, said.
In his opinion, over 75 percent of the total demand for warehouses was related to new contracts and expansions, which placed us in second place among the most active warehouse markets in Europe.
"The perfect location, the quality of delivered warehouse space, and the maturity of the Polish market are assets appreciated by tenants and developers, which bode well for the coming months," Mika assessed.