Record levels of take-up in European logistics on horizon for 2022 with strong share of Poland

Any uncertainty around the future of Europe’s economy this year has so far failed to dampen demand for logistics space, with take-up in the first half of 2022 already 12 percent ahead of last year’s record. According to Savills, this is mainly due to the uplift in take-up of space in Germany (4,61 million sqm) and the UK (3,93 million sqm), while Poland (3,83 million sqm) stands third among the analyzed countries.

“In Poland demand for warehouse space remains at a very high level, fuelled by high interest from logistics providers and couriers, e-commerce, retail, and production companies. At the end of the first half of 2022, only 822,500 sqm was available for lease, which makes it almost an impossible challenge to find a large warehouse unit ready for occupancy. Today growth in headline rents in Poland is estimated at around 15 percent, while effective rents have risen by approx. 20 percent,” Katarzyna Pyś-Fabiańczyk, Head of Industrial Services Hub, Savills Poland, commented.

Investment volumes are also up from this time last year and continue to confirm investor appetite for the sector, which is currently attributable to 20 percent of all real estate investments in Europe.

(WBJ)