Savills A STORY OF REGIONAL GROWTH

In H1 2019, the warehouse and industrial market in Poland maintained its strong momentum, according to the latest research by Savills. In the first half of the year, new supply reached a high never before recorded. At the same time vacancy remained low, while net absorption increased y-o-y. At the end of June 2019, modern warehouse and industrial stock in Poland stood at 16.8 mln sqm. Warsaw (both zones I and II) remained the largest market with over 4.1 mln sqm (25 pct of the total stock). The stock in Central Poland (2.73 mln sqm ‒ 16 pct of the country total) overtook Upper Silesia (2.66 mln sqm ‒ 16 pct). The next two largest markets are Poznań with 2 mln sqm (12 pct) and Wrocław with 1.8 mln sqm (11 pct). Other markets are significantly smaller with stock below 1 mln sqm. However, they have been growing rapidly. In H1 the TriCity market increased by 25 pct, with 119,600 sqm of new space as three projects were delivered: Panattoni Park Gdańsk III (56,800 sqm), two phases o