Poland’s warehouse and industrial stock exceeded 14.15 million sqm in the first three months of 2018. Currently, an additional 1.90 million sqm is under construction, the largest quarterly development pipeline on record, according to Cresa. Central Poland was the leading regional market, accounting for more than half of new supply and most of the leasing transaction volume for the three-month period. “Poland is gaining significant importance and solidifying its strategic position on the European industrial map. Record breaking take-up and an extraordinary pipeline of projects currently under construction underpin the rate of acceleration and expansion being witnessed. With Poland now in the top tier of key industrial markets on the continent, demand is being primarily driven by the e-commerce, logistics, retail and light manufacturing sectors,” said Tom Listowski, partner and head of industrial and warehouse at Cresa.
