The warehouse market will continue to grow: Hines Polska

In the first half of 2021, records were set related to both the total supply of warehouse space under construction and the demand in the best locations in Poland. It should also be emphasized that good results were recorded in most European countries. The pandemic has become the driving force behind the entire warehouse market, mainly due to the dynamic development of e-commerce.

"We can expect that this year will be as successful for the industry as 2020. This is supported by the results from January to June, as well as the expected fourth wave of Covid-19, which may contribute to its further development," Artur Szczepanek, Project Manager at Hines Polska, said.

"Developers' attention is attracted more and more often by smaller centers located in Eastern Poland and on the western border, which are convenient for tenants providing deliveries within countries neighboring Poland. New logistics centers will also appear in dynamically developing areas in Pomerania – in the Tri-City and Szczecin and also in the south of the country, near Kraków. Further investments are also planned in emerging markets in the region of Bydgoszcz, Toruń, and Kielce," the expert added.

In his opinion, if the economic conditions are favorable, we can expect continued high demand and the activity of developers and investors. It seems that an increase in investment land prices, as well as an increase in rental rates, are inevitable, especially considering the recent low vacancy rate.

(WBJ)