According to the latest report by Cushman & Wakefield, the trend of slow rental growth and yield changes in the European commercial real estate markets continued in Q3 2020.
According to global real estate services firm Cushman & Wakefield, in H1 2020, lease agreements amounting to 55% of last year’s volume were signed in Poland, the Czech Republic, Romania, Slovakia and Hungary, totalling 3.7 million sq m. This is 10% more than in H1 2019.
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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
2019 was another very successful year for the Polish warehouse market. Both developers and tenants remain extremely active, as shown by the record supply of over 2.7 million sq m and the high demand, which has reached 4 million sq m for the third consecutive year.
The year 2019 ended with a record increase in modern warehouse space in Poland. The total demand for the third year in a row reached 4 million sq m.
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.
New research from global real estate services firm Cushman & Wakefield, reveals the last link of the eCommerce supply chain can account for 50% or more of total supply chain spend.
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.
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!