The data provided in the annual AAG Industrial & Logistics Market Review report confirms that the sector with its stock of more than 13.5 million sqm was the fastest growing commercial property sector in 2017. The year saw the total volume of space increase by 21% as compared to 2016. The schemes developed as build-to-suit projects continue to be the driving force here. At the same time, authors of the analysis highlight the decrease in the share of speculative projects.
A time for developers
The interest shown in the sector is enormous. Following months of monitoring the growth opportunities on our market and in our region, players from the Middle Kingdom have now moved to the scheme development phase. Right at the beginning of the year we finalized a lease agreement for several thousand square meters of space for one of the Chinese logistics operators. We believe that this was not the only transaction of this type to take place in the nearest future. For businesses from the Far East, the Central and Eastern Europe region is extremely attractive as far as availability of investment land for schemes larger even than 100 000 sqm is concerned
Katarzyna Pyś-Fabiańczyk, Head of Industrial & Logistics Department, BNP Paribas Real Estate Poland
Vacant space on a downward slope
Head of Marketing & PR, Central & Eastern Europe at BNP Paribas Real Estate Poland