Record-breaking tenant activity on the Polish industrial market
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International advisory firm JLL said in a report on the industrial market that nearly 1 million sqm of warehouse space was delivered to the market, while a further 774,000 sqm is under construction. In total, 2.2 million sqm of industrial space was leased in Poland in 2015. Due to high tenant activity, the vacancy rate dropped to 6.2 percent.
"The industrial market in Poland continued to be buoyant in 2015. Gross take-up reached a historically record-breaking total of over 2.2 million sqm. Central Poland saw the highest volume of leased space – 527,000 sqm, while Warsaw’s Suburbs recorded 409,000 sqm followed by the Upper Silesia region with 359,000 sqm. The largest deal was signed by Leroy Merlin – 53,000 sqm in Panattoni Park Stryków II," said Tomasz Olszewski, Head of Industrial CEE at JLL.
Net take-up totaled a strong 1.47 million sqm. This is the market's best performance since 2008's record-breaking volume of 1.55 million sqm.
Headline rents in smaller SBU units (located within city boundaries and characterized by higher rent levels compared to large distribution parks) are between €3.50 and €4.00 / sqm / month in Wrocław and €3.40 and €4.30 / sqm / month in Łódź (Central Poland).
Headline rents in big box units are diversified by region and are at €2.60 –€ 3.20 / sqm / month in Central Poland or €3.80 - €4.50 / sqm / month in Kraków. The highest levels are to be found in Warsaw Inner City areas, and are between €4.10 and €5.30 / sqm / month.
