Poland's industrial market is thriving - Colliers

The Polish industrial market is thriving and still showing an upturn trend. Supply and demand remain at a stable high level. In H1 2016, the supply of industrial space stood at almost 660,000 sqm and as a result the total stock in Poland exceeded 10.4 million sqm, according to a new report by Colliers, summarizing H1 on the Polish industrial market. During the past six months, 254 agreements were signed, which covered over 1.4 million sqm of leased space. In comparison to the corresponding period of the previous year, activity among developers increased. The level of supply was 35 percent higher than in H1 2015 (489,000 sqm). In H1 2016, developers were most active in the Warsaw  market (Zone II). 144,000 sqm of modern industrial space  was delivered to this market, which constituted 22 percent of  total industrial space delivered to the Polish market. High activity among developers was also observed in the Poznań market (122,000 sqm) and in Central Poland (115,000 sqm). In the period under analysis, an 8 percent growth in supply was observed (1.3 million sqm in H1 2015) in relation to the same period in the previous year. The transaction volume at the end of June 2016 exceeded 1.4 million sqm of leased industrial space within 254 signed agreements. At the end of June 2016, there was 563,000 sqm of unleased industrial space in the analysed markets. The vacancy rate stood at 5.3 percent.