A total of 270,000 m² of new warehouse space was delivered to the Polish market in the first quarter of 2007, compared with 500,000 m² for all four quarters of 2006, according to global real estate consultant Cushman & Wakefield.
The biggest rises in supply in Q1 2007 were in the regions of Wroclaw (56,000 m²), Upper Silesia (above 50,000 m²), and Gdañsk and Poznañ (45,000 m² each).
However, Warsaw still remains Poland's dominant warehouse market, with a total stock of 1.6 million m², accounting for 55% of modern warehousing in Poland.
Poland's modern warehouse stock currently stands at a total three million square metres, showing 33 per cent year-on-year growth, with a further 860,000 m² under construction.
Around 290,000 m² of lease transactions took place in Q1 2007. Demand was generated mainly by logistics operators and retailers. The biggest volume of warehouse space was leased in Warsaw (93,000 m²), Poznañ (72,000 m²) and Upper Silesia (60,000 m²).
Cushman & Wakefield was involved in the lease transactions of almost 60,000 m² of warehouse space in Q1 2007.
Source: Cushman & Wakefield