Sheds full of roses

Report
According to the ‘Marketbeat Warehouse Market in Poland – H1 2018 Summary’ recently published by Cushman & Wakefield, developers completed 734,000 sqm of warehousing space in H1 2018 and the total stock now comes to more than 14.32 mln sqm – a y-o-y increase of 21 pct. And the new supply should keep coming at an impressive pace until the end of the year.
The largest logistics markets in Poland are still Warsaw and its surrounding districts (accounting for 27 pct of the total stock), Upper Silesia (18 pct), Central Poland (14 pct), the Poznań region (13 pct) and Wrocław (11 pct). Most of the new space was delivered in Central Poland (259,000 sqm), Upper Silesia (131,000 sqm) and Warsaw (114,000 sqm). The strong interest in logistics facilities is down to the healthy economic climate, with GDP growth of 4.6 pct forecast for 2018, along with the continuing evolution of the retail sector towards e-commerce, as well as the expansion of the country’s transport infrastructure, which is helping the development of smaller regional markets and new locations in the main logistics hubs. With the economy in such rude health, there is now 2.25 mln sqm under construction in 66 projects – a record level of development activity. Most of this new stock is being built in the Central Poland region, where eleven projects and a total of ​​628,000
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