Polish warehouse market sets new record (PL)

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

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