The results for 2015 have confirmed the exceedingly good condition of the Polish industrial and logistics market, where approximately 2.62 million sq m were leased. This is the best result for this sector ever achieved. Demand was at a stable level throughout the year, where new leases and existing tenant expansions represented 70% of all deals. The most active clients came from within the logistics and courier sectors. The fact that currently there are approximately 900 000 sq m of space under construction, out of which 40% is speculative investment, is a testimony to the strong interest in the industrial and logistics market on the part of investors and developers. We are expecting that in 2016 demand for industrial and logistics space will continue its 2015 trend. The still growing e-commerce and supply chain management industries will play a significant role within the sector.
Patrick Kurowski, Director, Industrial & Logistics, CBRE
2015 was a time of intensive growth for the Polish industrial and logistics market. Supply of modern space between January and December increased by as much as 930 000 sq m. Mature markets grew, while record-high demand caused developers to seek new investment opportunities, as a result of which the small volume of industrial and logistics space in the east of Poland (around Lublin and Rzeszów) and in the Szczecin region doubled. Due attention should also be given to the Bydgoszcz region, which has so far been ignored by institutional investors. At the moment, two new logistics parks are being planned for the area. Forecasts for 2016 are extremely promising. Currently there are 900 000 sq m of new industrial and logistics space under construction. Low vacancy rate and high demand from tenants will be playing in favour of any new schemes (including the speculative ones).
Emilia Filimoniuk, Junior Consultant, Research and Consultancy, CBRE