The development of e-commerce has a growing impact on the development of the industrial real estate sector. The origins can be found in the change of our shopping habits - the popularization of e-commerce has revolutionized logistics operations in warehouses. It's just the tip of the iceberg! See how e-commerce is changing the Polish warehouse market.
Small Business Units (SBUs) are rising up the agendas of firms operating on the warehouse market, a notable trend reflected in rising demand and supply levels.
Sustainable construction on the market of industrial real estate has been one of the more interesting trends in recent years. With the increase of the environmental awareness and the desire to reduce the operating costs of industrial facilities (rising costs of energy), the tenants increasingly often request that the buildings they use be energy-efficient and generally ergonomic. Are ecological warehouses the future of the market?
The Poland industrial market remains in very good health, with warehouse supply setting a new high in H1 2019, robust occupier activity and low vacancy rates. Find out more from the MARKETBEAT report: Poland Warehouse Market!
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 Polish industrial market offers a wide choice of suitable warehouse space to let, with achievable rents still being some of the lowest across Europe. Several key aspects are important to obtaining optimum rental rates for a tenant.
Eastern Poland continues to attract increasing interest from both Polish and overseas investors. Its cities, including Lublin, Białystok and Suwałki, are gaining favour with logistics and manufacturing firms planning to expand.
Warehouse stock dedicated to e-commerce in Poland has reached nearly 4 million sq m. The largest volumes of warehouse space available to online retailers are in the Łódzkie voivodeship (887,000 sq m), Lower Silesia (716,000 sq m) and Silesia (621,000 sq m). Global real estate services firm Cushman & Wakefield has published its pioneering research How to handle e-commerce in a warehouse?, which includes an overview of the Polish industrial market from the perspective of e-commerce and key trends having the strongest impact on the sector’s further growth.
Fast delivery and labour requirements are key factors in the choice of a warehouse location for e-commerce tenants in Poland, say survey respondents. What is the importance of the fit-out and standard of space? How important are automation and welfare facilities to employees?
When it comes to making a decision about leasing warehouse space, a potential tenant should sort out some key issues such as what is the optimal length of a warehouse lease for the company’s operating needs.
The first quarter of 2019 witnessed 22 new completions which brought Poland’s total warehouse stock up to 16.3 million sq m. Total take-up hit 944,000 sq m, of which 74% was transacted under new leases and expansions while renegotiations made up the remaining 26%. The Polish industrial market reported 154 leases with the average transaction size being 6,130 sq m
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.