A year in warehousing

The majority of these deals were for space in Upper Silesia as well as for space in and around Warsaw. Additionally, a total of 380,000 sqm was delivered to the market representing an increase of 40 pct on the previous year. Vacancy rates fell steadily in the first three quarters but rose slightly in the final quarter. At the end of 2010 they stood at 13.8 pct, whereas at the end of 2011, the figure had fallen to 11.4 pct. However, other markets in the CEE region were not so buoyant. In the Czech Republic total gross take up came to around 800,000 sqm, 20 pct down on the previous year; while according to Jones Lang LaSalle, only 486,200 sqm of warehouse space was completed in the Moscow region, the lowest level since 2005. Developers reveal allAll the major developers have now published their figures for the previous year. To start with, Panattoni has proudly announced that it completed 164,000 sqm of space in Poland and leased 350,000 sqm throughout 2011, of which 254,000 sqm was lea