Marketbeat: Poland Warehouse Market - H1 2021 [REPORT]
Spadek pustostanów i dynamiczny wzrost wolumenu inwestycji – międzynarodowa firma doradcza Cushman & Wakefield podsumowuje II kwartał 2021 roku na polskim rynku magazynowym.
Spadek pustostanów i dynamiczny wzrost wolumenu inwestycji – międzynarodowa firma doradcza Cushman & Wakefield podsumowuje II kwartał 2021 roku na polskim rynku magazynowym.
Product diversification on the industrial market is a multi-faceted process that has gathered pace in recent years. Newly-developed warehouse projects may vary considerably in many respects. Find out how they differ across Poland!
Despite the COVID-19 pandemic, warehouse take-up hit a record high of 1.6 million sq m, reveals an industrial market summary for Q1 2021 released by global real estate services firm Cushman & Wakefield. The strongest leasing activity was reported in Poznań, the Warsaw area, Upper Silesia and Central Poland.
The year 2020 in the warehouse market was a record year in terms of the level of demand, which reached almost 5 million sq m! Check out the latest Marketbeat report prepared by Cushman & Wakefield experts.
The warehouse market in Poland is pandemic-proof. It is currently the fastest growing commercial real estate sector. In Q3 2020, developers delivered nearly 680,000 sq m, and the total stock of modern warehouse space exceeded 20 million sq m.
The Polish industrial market continues its strong momentum. Both take-up and supply reached high levels in H1 2020, say experts of global real estate services firm Cushman & Wakefield, summarising the first half of 2020 on the industrial market in Poland.
The first quarter of 2020 ended on the industrial market with good results on both the demand and supply side. Poland’s total warehouse stock surpassed the 19 million sq m mark
2020’s headline news is that logistics real estate will continue to be driven by key trends in e-commerce, technology, and labour availability. The logistics sector’s inherent flexibility means that it can more easily adapt to changing opportunities and needs – so we expect 2020’s outlook to be bright.
The record supply level and high demand prove the very good condition of the warehouse space market in Poland. In the third quarter of 2019, developers completed 868,000 sq m of warehouse space, and since the beginning of the year - almost 2 million sq m, which is a record supply level in the period from January to the end of September.
For weeks, we have been frightened with the prospect of mass emigration of Ukrainian employees to Germany due to the new legislation that makes it much easier to find employment on the other side of our Western border. Are we really about to face a serious problem and shortage of labour? Let’s examine this more closely
According to Cushman & Wakefield’s latest DNA of Real Estate Q2 2019 report, the European logistics sector continues to perform strongly with strong rental growth and investor demand driving down yield by 2bps, whereas yields in the European office and retail sectors remained flat.
Connection with the robust growth of the e-commerce market, the demand for warehouse employees will continue to rise. These employees are mainly responsible for the flow of goods within the warehouse processes, picking orders as well as for the supervision of the entire delivery process and, above all, for thereturns management. Authors of the recent report ‘How to get the hang of e-commerce in warehouses’ sheds the light on the situation of employees handling the e-commerce market in Poland’s warehouses.
The pace of yield compression decelerated across Europe’s commercial real estate markets in the first quarter of 2019, according to Cushman & Wakefield’s latest DNA of Real Estate report.
At the end of 2018, Poland’s industrial and warehouse stock reached 15.79 million sq m. Around 2.22 million sq m of modern warehouse and industrial space was delivered to the market last year, down by just 6% on 2017’s level.
Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report.