Records tumble on the Polish market

Warehouse & industrial
With the level of demand for warehouses at 3.15 mln sqm and new supply at 1.14 mln sqm, new H1 records have been set for the industrial market. Poland now has Europe’s second highest level of development activity with over 3 mln sqm under construction. JLL provides its summary of Poland’s industrial market for H1 2021.
“The Polish industrial market is continuing its high growth rate and is setting new demand records. In the first half of 2021 companies leased 3.15 mln sqm, over 40 pct more than in the same period of 2020. Net take-up, including new leases and expansions, reached 2.3 mln sqm – the fourth best result in Europe after Germany, the UK and the Netherlands. Interestingly, the average H1 increase in new take-up for Poland was 77 pct above the five-year average. In Europe as a whole, this number was 44 pct,” says Tomasz Mika, the head of industrial Poland at JLL. Poznań comes to the fore The ‘Big Five’ markets of Poznań, Upper Silesia, Wrocław, Warsaw and Central Poland accounted for 77 pct of the newly leased space in the first six months of 2021. Poznań set a spectacular industrial take-up record with 500,000 sqm of new leases and gross take-up of 626,000 sqm. The mature markets outside the ‘Big Five’ – the TriCity, Szczecin, Lubuskie
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