In the first half of 2017 the warehouse market was unquestionably the fastest growing commercial property sector in Poland. The highest volume of industrial and warehouse space was delivered to the market around Poznań, i.e. 133,000 sqm, while the largest scheme of 161,000 sqm is currently under construction in Szczecin. The record numbers in respect of the schemes delivered to the market are not discouraging developers from commencing new projects.
Record first half of the year
Szczecin under construction
The Polish warehouse market is attracting attention of foreign players as it skilfully combines relatively low rents with increasingly better standard and advancement level of the schemes developed. Additionally, it has to be stressed that over the coming quarters the Szczecin region will impact on the balance of power in the regions as its strategic location, availability of qualified workforce and the record number of schemes under construction with nearly 300,000 sqm of surface area, will all come into play
Katarzyna Pyś-Fabijańczyk, Head of Industrial & Logistics Department, BNP Paribas Real Estate Poland
Rents remain stable
Consistent demand combined with high availability of land for industrial and warehouse schemes are factors that cause rents to have remained stable for many quarters now. Additionally, it has to be highlighted that as compared to Western Europe, the cost of leasing space in Poland continues to be considerably more competitive
Anna Staniszewska, Head of Research & Consultancy, CEE, BNP Paribas Real Estate Poland