16:23 10 May 2022
Still not enough warehouses under construction in Poland
Poland's warehouse space has doubled over the past five years. After the first quarter of 2022, it totals 24.7 million sqm, of which 3.5 million sqm was built last year. 4.7 million sqm remains under construction, almost twice as much as a year ago. Experts from CBRE point out that the sector is accelerating, but higher costs will translate into decreasing new supply, which will grow at a slower pace. It will also be more expensive. Rising material prices are reflected in rents, which, depending on the market, have risen by 5-15 percent over the year and this is probably not the end of the increases.
“Warehouses are growing despite the challenging environment. The pandemic hasn't stopped that momentum, and the same will be true with the war inside Ukraine. However, these factors are causing several global issues. The most important include the collapse of supply chains or the limited availability of raw materials and commodities. The consequences of these phenomena will be clearly seen in our region of Central and Eastern Europe, including Poland. Both demand, supply and investments will be affected,” Beata Hryniewska, Head of Industrial Department at CBRE, said.
(WBJ)
