Poland Poland records the highest warehouse take-up in Europe
Warehouse & industrialschedule 22 August 2024
Poland sees the strongest demand in take-up in Europe
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According to the latest report from Cushman & Wakefield, the Polish industrial market saw a marked upturn in occupier activity in Q2 2024, reporting the highest leasing volume in Europe. In addition, Poland’s total industrial stock is poised to soon surpass the 35 mln sqm mark.
H1 2024 ended with total take-up at nearly 2.7 mln sqm, up by as much as 22 pct year-on-year.
In the three months to June 2024, tenants leased 1.76 mln sqm of warehouse space, more than making up for the poor performance in Q1. This marked the best result for warehouse take-up in Europe and the second time when Poland outpaced Germany for quarterly leasing volumes. It is also notable that large leases for 20,000-130,000 sqm accounted for 56 pct of Q2 total.Damian Kołata, Partner, head of Ind
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