European offices have recorded eight quarters of continuous rental growth by achieving a 0.7% increase in Q3 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report.
In H1 2018, warehouse supply totalled 734,000 sq m delivered across 29 projects, bringing Poland’s total industrial stock to more than 14,300,000 sq m, which represented a 21% rise year-on-year.
The overall European logistics yield dropped 14bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report.
Occupier activity set an all-time high on the Polish industrial market in the first three months of 2018, which pushed the country’s vacancy rate down to its lowest on record. Demand came mostly from e-commerce (24%), logistics operators (23%) and retailers (19%).
2017 turned out to be the best years in the history of the modern warehouse market in Poland. Both developers and tenants showed record activity. Total take-up reached 4.09 million sq m, which is an increase of 33% compared to 2016.
At the end of June 2017, Poland’s total warehouse stock stood at nearly 11.8 million sq m. Most of the 707,000 sq m supply was delivered in Bydgoszcz-Toruń (113,000 sq m), Poznań (112,000 sq m) and Central Poland (91,000 sq m).
In Q1 2017, Poland’s total Class A warehouse stock topped 11,613,000 sq m following the completion of nearly 533,000 sq m. Total take-up hit 925,000 sq m.
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Poland’s total industrial and logistics stock surpassed the 11 million sq m mark at year-end 2016. Leasing activity remained strong for another consecutive year, leading to record high take-up, with more than 3 million sq m being transacted. The largest leasing volumes were recorded in Warsaw’s suburbs and Upper Silesia, and – of the smaller markets – in Szczecin and Bydgoszcz-Toruń.
In the third quarter of 2016 the Polish modern industrial market witnessed record breaking occupier demand totaling approximately 900,000 sq m, as revealed by the latest Polish Industrial Market Q3 2016 report.
Industrial and warehouse market in Poland - summary of H1 2016.
Industrial and warehouse market in Poland - summary of Q1 2016.
At the end of Q4 2015 total modern warehouse stock in Poland stood at 9,895,000 sqm, which is a 12% rise on the annual basis (8,855,000 sqm).
In H1 2015, only three transactions were made on the Polish industrial market totalling around EUR 149m, bringing down the investment volume by 52% compared with the same period of 2014.
The third quarter of 2015 saw a continuous increase in the developmentactivityon the modern industrial market in Poland. Total warehouse stock was nearly 9,677,000 sqm which is a 13% rise on the annual basis (8,567,000 sqm).
This second quarter of 2015 saw a continuous increase in the development and leasing activity on the modern industrial market in Poland. Total warehouse stock was nearly 9,312,800 sqm.
