log in | register
Echo resets Mokotów project
Creativity and simplicity on Wołoska


Warehouse demand still on the rise

Rafał Ostrowski 08 November 2017

Rafał Ostrowski


+48 22 356 25 11

Rafał is a journalist at ‘Eurobuild CEE’. Previously he worked for Wydawnictwo Murator and for Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and published photo-reportages from his travels to Asia, where lived and worked for some time. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. He enjoys sailing, travelling and family life. For ‘Eurobuild CEE’ he specialises in eastern European markets and is responsible for the film direction of Eurobuild TV.

POLAND Over 2.5 mln sqm were leased on the Polish warehouse market in the first three quarters of the year, representing a 15 pct increase y-o-y, according to the ‘Marketbeat – Polish Industrial Market Q1-Q3 2017’ report by Cushman & Wakefield.

At the end of Q3 2017, there was 1.05 mln sqm of warehouse space under construction, 75 pct of which was already pre-leased. “We expect Poland’s total industrial stock to surpass the 13 mln sqm mark by the end of the year. This will be driven by the expansion of e-commerce and the high levels of activity of manufacturing companies, including the household appliance and automotive sectors,” said Joanna Sinkiewicz, the head of the industrial and logistics at Cushman & Wakefield Poland. She added that the current low levels of speculative investment guarantee that vacancy rates will remain at low levels. At the end of September 2017, the vacancy rate stood at 5.4 pct with 698,000 sqm of unleased space, down by 0.8 pp from 6.2 pct last year.

Headline monthly rents remained flat in the country’s core warehouse markets standing at EUR 2.40–3.60 per sqm at the end of Q3 2017. The highest rents are within Warsaw’s city limits (EUR 4.00–5.25) and in Kraków (EUR 3.50–4.50). Effective rents (which are lower due to financial incentives) stand at EUR 1.90–3.20. As in the case of headline rents, the highest are in Warsaw (EUR 3.50–4.60) and Kraków (app. EUR 2.80–3.60).

Want to know more? Sign up for the Newsletter




About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.