2011 was a very strong year for the warehouse market in Poland, with both supply and demand surpassing figures recorded in 2010. Supply rose by around 5% over the year, with take-up totalling nearly 1,900,000 sq.m, a 34% increase compared with 2010. At the end of 2011, close to 370,000 sq.m was under construction with total warehouse stock exceeding 7 million sq.m.
The first half of 2011 brought confidence to the warehouse occupancy market. Transaction volume totalled 941,000 sq.m, which accounted for 66% of 2010’s take-up.
Optimism prevailed in the warehouse sector during 2010. Total stock last year was 6.5 million sq.m, of which more than 300,000 sq.m was newly delivered.