Total demand for warehouse and industrial space in Poland increased by 40% y / y to a record 7.2 million sqm in 2021, according to preliminary data from Cushman & Wakefield.
When it seems that the records achieved in the previous quarters are unbeatable, it turns out that the activity of tenants and developers on the Polish warehouse market is still positively surprising. Preliminary data […] indicate that the total demand for warehouse and industrial space in Poland increased by as much as 40% compared to 2020, reaching a record 7.2 million sqm. The supply is also growing at a record pace. of the warehouse market are already 24.3 million sqm, according to the data.
Due to developer activity, by the end of 2022, the resources of modern warehouse space will increase by more than 5 million sqm. This means that the total supply at the end of this year will amount to nearly 30 million sqm.
“Even five years ago, the resources of this sector slightly exceeded 11 million m2, and warehouses were built only in the largest agglomerations. However, the market is trying to cross another border. Developers are trying to keep up with the rapidly growing demand and, despite the difficulties related to the pandemic, are launching a record number of new investments Only in the last quarter of 2021, the estimated volume of newly started projects reached the level of almost 2 million m2, according to the data from Cushman & Wakefield.
The data shows that in the first quarter of 2023 the market will be three times larger than in March 2016, when the 10 million sqm barrier was broken.
Source: Cushman & Wakefield and ISBnews
