Poland's industrial space totals 10.4 mln sqm

Poland's industrial space amounts to 10.4 million sqm, after 445,000 sqm was added to the market in Q1 2016. In this period as many as 120 lease agreements were signed for 680,000 sqm in total, according to a report by Colliers. Developer activity concentrated mainly on Warsaw (137,000 sqm), the Górny Śląsk region (86,000 sqm) and central Poland (85,000 sqm). The regions with the highest take-up were Warsaw (166,000 sqm) and Górny Śląsk (152,000 sqm). The vacancy rate stood at 5.8 percent at the end of March 2016 and was higher by 1.2 percent than in the previous quarter.