Poland Good prospects ahead
Warehouse & industrialschedule 19 March 2024
According to forecasts for 2024-2025, the global economy is expected to see an improvement in the macroeconomic situation and more stability, says Urszula Sobczyk, head of Valuation, Newmark Polska
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According to the latest report “Industrial and Warehouse Market in Poland”, released by Newmark Polska, 2023 was one of the best years in the market’s history. It saw the second highest new supply (3.7 mln sqm) and the third highest take-up (5.6 mln sqm) and development pipeline (2.8 mln sqm). Considerable warehouse availability levels brought a long-awaited stabilization of rental rates.
At the end of 2023, Poland’s total warehouse and industrial stock stood at over 31.7 mln sqm, an increase of 12 pct year-on-year.
Despite a slight slowdown in the early months of 2023, the Polish warehouse and industrial market returned to a trajectory of steady growth. Considering development and leasing activity in the last quarter, both developers and tenants are looking to the future with more confidence. Poland remains a major beneficiary of global supply chain reconfiguration acti
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