Occupier activity reached an all-time high on the Polish industrial market in the first three months of 2018, pushing the country’s vacancy rate down to its lowest on record, according to Cushman & Wakefield. Demand came mostly from e-commerce (24 percent), logistics operators (23 percent) and retailers (19 percent). “At the end of the first quarter, there was 1.91 million sqm of warehouse space under construction in 56 projects across Poland. This was the largest-ever quarterly development pipeline of which nearly 75 percent was secured with pre-lets. The highest concentration of development activity was in Upper Silesia, Central Poland, Western Poland and the Warsaw suburbs, accounting for 64 percent of space underway,” said Adrian Semaan, research consultant with the industrial and logistics agency at C&W.
