{"id":989,"date":"2019-05-23T17:06:02","date_gmt":"2019-05-23T17:06:02","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=989"},"modified":"2019-05-23T17:06:02","modified_gmt":"2019-05-23T17:06:02","slug":"savills-warehouse-market-maintains-its-momentum-70879","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/savills-warehouse-market-maintains-its-momentum-70879\/","title":{"rendered":"Savills: Warehouse market maintains its momentum"},"content":{"rendered":"

Despite a year-on-year decrease, demand for warehouse and industrial space in Poland outstripped new supply by a factor of almost two to one in the first quarter of 2019, says real estate advisory firm Savills. New locations are emerging on the nation\u2019s logistics map in response to low unemployment on the core markets. Urban logistics facilities are also gaining significance.<\/strong><\/p>\n

\"Kamil
Kamil Szyma\u0144ski, Associate Director, Industrial Agency, Savills<\/figcaption><\/figure>\n

\u201cPoland\u2019s non-core markets witnessed the strongest warehouse and industrial supply for the first time in history with two major completions: a BTS project for Zalando in Olsztynek (120,500 sq m) and Panattoni Park Kielce (22,200 sq m). Next came Wroc\u0142aw with nearly 95,000 sq m added to the market in the first quarter. New locations which are likely to grow in the near future include Boles\u0142awiec, Gorz\u00f3w Wielkopolski, Radom, \u015awiebodzin, S\u0142ubice and Zielona G\u00f3ra. Development activity is also picking up in the segment of urban logistics. At the end of March there was almost 65,000 sq m of such space under construction, up by over a third compared to the development pipeline three months earlier,\u201d says Kamil Szyma\u0144ski<\/strong>, Associate Director, Industrial Agency, Savills.<\/p>\n

According to \u201cMarket in Minutes – Warehouse and Industrial Market in Poland”<\/em>, demand for warehouse and industrial space outstripped new supply by a factor of almost two to one in the first quarter of 2019. More than 505,000 sq m was delivered to the market in the first three months of the year, which represented a 28% increase on the same period last year while take-up hit more than 965,000 sq m (down by 21%). Warsaw led the way with nearly 285,000 sq m transacted, up by 35%.<\/p>\n

At the end of March 2019, Poland\u2019s warehouse and industrial stock amounted to 16.2 million sq m, reveals Savills. With 4 million sq m of warehouse and industrial space, Warsaw and its suburbs remain the biggest market, followed by Upper Silesia (2.62 million sq m), which Central Poland (2.60 million sq m) is very quickly catching up with. After the first quarter of 2019, there was another 2.1 million sq m under construction (up by 13% on the volume a year earlier), most of which is expected to be completed by the end of this year. More than 60% of the development pipeline has already been secured under pre-lets.<\/p>\n

Poland\u2019s vacancy rate edged up by 0.7 pp year-on-year in the first quarter to 5.5% at the end of March 2019. Headline rents held firm at EUR 2.7\u20134.2\/sq m\/month for big-box warehouses and stood at EUR 5.35\/sq m\/month for SBUs in Warsaw.<\/p>\n

\u201cThe warehouse market maintains its momentum. Despite its strong dynamics, it continues to grow in a healthy and sustainable manner. The data for the first quarter are confirmation that new projects are finding tenants and the vacancy rate remains low. Rental rates stabilised after last year\u2019s increases, which is expected to encourage tenants to invest in expansions and relocations to higher-standard facilities in better locations,\u201d concludes Kamil Szyma\u0144ski, Savills.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a year-on-year decrease, demand for warehouse and industrial space in Poland outstripped new supply by a factor of almost two to one in the first quarter of 2019, says real estate advisory firm Savills. New locations are emerging on the nation\u2019s logistics map in response to low unemployment on the core markets. Urban logistics […]<\/p>\n","protected":false},"author":1,"featured_media":990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[2770,3051,373,324,2855,64,323,317,82,71,3050,134],"class_list":["post-989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-bts","tag-gorzow-wielkopolski","tag-kamil-szymanski","tag-kielce","tag-panattoni","tag-poland","tag-radom","tag-savills","tag-warsaw","tag-wroclaw","tag-zalando","tag-zielona-gora"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=989"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/990"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}