A quarter of all modern warehouse and industrial space in Poland was transacted in 2020, says real estate advisory firm Savills in its latest report. Despite the pandemic, take-up hit record levels last year, reaching more than 5 million sqm, while Poland’s total logistics stock surpassed the 20 million sqm mark.
According to Savills data, close to 2 million sqm of warehouse and industrial space came on stream in 2020, bringing Poland’s total stock to 20.7 million sqm. The nation’s five core markets (Warsaw, Upper Silesia, Central Poland, Wrocław, and Poznań) account for almost 80 percent of the total existing warehouse stock, but Tricity and Western Poland are also growing in strength.
The largest industrial completion of 2020 was Panattoni’s A2 Warsaw Park, whose total area exceeds 100,000 sqm. Panattoni is also developing a project in Świebodzin which will be almost twice as big and is the largest scheme currently under construction.
“Tenants looking for warehouse and industrial space now have a wide choice of the product offered by developers who continued to deliver new projects to the market in recent months despite the pandemic. Limited speculative construction has, however, led to fewer facilities being available for immediate occupation. It is, therefore, advisable to commence acquisitions of warehouse and industrial locations well in advance,” Kamil Szymański, Head of the Industrial Agency at Savills, said.