Approximately 3 million sqm in lease agreements were signed in 2016 on the Polish industrial market, according to the latest JLL report. “In 2016, demand on the industrial market in Poland hit an all-time high. Gross take-up was 3 million sqm out of which net demand amounted to 2.2 million sqm. GDP growth and the gradually increasing importance of Poland as an e-commerce hub for Western Europe were also key factors in stimulating the growth in demand,” said Tomasz Olszewski, head of industrial for the CEE region at JLL. “This, coupled with one of the lowest rental costs in Europe and low interest rates, has enabled Poland to become one of the most sought-after industrial and logistics locations on the continent.”
Construction activity remained buoyant in 2016 as new warehouse and industrial stock increased by 1.2 million sqm and hit 11.2 million sqm by the end of the year. Developers were primarily focused on the Upper Silesia region, central Poland and the Warsaw suburbs.
