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 m², while the largest scheme of 161,000 m² 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
The first six months of this year saw the completion of schemes with the record surface area of 801,200 m². The highest volume of space, following Poznań, was delivered to the market in the Warsaw II zone (115,700 m²) and Central Poland (111,800 m²). This is confirmed by the three largest transactions completed in respect of schemes delivered to the market in the specific clusters. In the Upper Silesia region Amazon became the new tenant in the Panattoni BTS Amazon Sosnowiec scheme with the surface area of 135,000 m² under a build-to-suit agreement. In Central Poland two lease transactions were completed in respect of BTS Castorama with the surface area of 101,700 m² by Castorama and Panattoni Łódź BSH BTS with the surface area of 79,000 m² by BSH.
Szczecin under construction
Developers do not seem to be discouraged by the number of schemes delivered to the market, particularly when we look at the volume of space currently under construction: 1,275,000 m². The largest projects include those being developed in Szczecin (Panattoni BTS Amazon – 161,000 m² and Goodman BTS Zalando – 130,000 m²) and in Sosnowiec (Panattoni BTS Amazon – 135,000 m²).
"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 m² of surface area, will all come into play" says Katarzyna Pyś-Fabijańczyk, Bnp Paribas Real Estate Poland
