Warehouse market with record results after H1 2022

In the first half of 2022, developers' and tenants' activity in Poland's warehouse market remained high. By the end of June, investments totaling some 2.42 million sqm had been completed, while gross demand totaled nearly 3.9 million sqm. These are the two highest results in their respective categories in the history of the Polish market. Amid the war in Ukraine, a new trend has also emerged – so-called "friendshoring." 

Although the war in Ukraine has caused changes in the industrial and logistics space market, Colliers experts expect its further dynamic development. 

"The dynamics of development of the industrial-logistics market is largely dependent on the prices of construction materials and fuel prices. An important raw material in the construction of warehouses and production facilities is steel. As the data of the Polish Union of Steel Distributors shows, at the end of July 2022, we are seeing declines in its prices compared to the beginning of this year. Currently, they are at a level similar to the prices registered before the war in Ukraine," Maciej Chmielewski, Senior Partner, Head of Logistics and Industrial Space at Colliers, explained.

(WBJ)